YFM reaps 2.25x money on Eikon, retains minority stake
YFM Private Equity has announced it made a 2.25x money return and an IRR of 62% from the sale of film mastering and localisation service Eikon to Tenzing Private Equity.
Tenzing provided growth funding to the company in October and December 2019, allowing YFM to exit the company. The firm has retained a minority investment comprising equity and loan notes in Eikon.
Tenzing drew equity from its debut fund, which closed on £200m in 2017. YFM is currently investing from its second-generation buyout fund, which held a first close on £60m in June 2019.
In March 2018, YFM invested £6m from its British Smaller Companies VCT funds and Growth LP funds. The funding was mostly used to expand the company's execution capabilities through development of a new facility in Los Angeles, according to a statement. Unquote understands the firm later invested a further £4m in the company.
More on Exits
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Ares Management handed keys to two-thirds of UK sponsor’s portfolio
Lender provided GBP 500m for three of the GP's deals between 2016 and 2019, Debtwire reported
Actera Group explores strategic options for Celebi Ground Handling
Several investors placed bids for the company in 2022 but mismatch in pricing didn't lead to a deal
Main Capital’s Assessio to be sold to Pollen Street
Recruitment software company tripled in revenue under Main Capital’s ownership
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater