YFM backs DSP in £10m MBO

Unquote understands that YFM acquired a minority stake in DSP, while the management retained the remaining majority holding in the business. 

The deal was valued at £10m, including a debt package provided by Santander Growth Capital to finance the transaction.

The company will use the fresh capital to further develop its customer base, expand its service offering, and further invest in sales, operations and service innovation to accelerate its growth across all areas of the business.

Following the deal, John Hawkins will join the business as non-executive chairperson.

This is the sixth investment made by YFM's Buyout Fund I, previously known as YFM Equity Partners 2016, which held a final close in April 2017 on £45m, surpassing its £30m target.

Company
Founded in 1999 and based in London, DSP is a hybrid data platform that supports multi-vendor, cloud database and application infrastructures. The business provides support and consultancy to mid-market and FTSE 100 companies, particularly those with mission-critical database architectures.

People
YFM Equity Partners – Charlie Robinson, Ian Waterfield (partners).
DSP – Simon Goodenough (CEO).

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• Topics
• Buyouts
• Southern Europe
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• YFM Group
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