YFM reaps 2.25x money on Eikon, retains minority stake

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.

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