Crompton Controls

Yorkshire Fund Managers (YFM) has sold its investment in Crompton Controls Ltd, a supplier of motor control equipment to general industry, back to the management team for an undisclosed fee. The transaction, which was facilitated through a debt package organised by Bank of Scotland, has generated a money multiple of 5x the original investment for YFM.Crompton Controls employs 45 people and has seen significant growth in the past two years, bucking the sector trend, which has enabled the management team to raise additional finance to acquire YFM's stake. Richard Taylor who was responsible for the original investment also handled the exit for YFM.

Previous funding

Crompton's management bought the business from Invensys for £1m in December 2001. YFM invested £180,000 as part of the transaction. Of this, £126,000 was invested from HSBC II Enterprise Fund and £54,000 from The Yorkshire and Humberside Enterprise Fund.

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