YFM invests £4.5m in CPMS
YFM Equity Partners has invested ТЃ4.5m for a minority stake in Collaborative Project Management Services (CPMS), a UK-based provider of rail infrastructure planning and installation services.
The company's founders – Matthew Baine, Damien Gent, Chris Mackie and Tim Galvini – will collectively remain its largest shareholders following the deal, which will enable CPMS to expand its range of products and services.
The transaction is the seventh 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. It comes just days after the fund backed database provider and data platform DSP in a deal valued at £10m.
As part of the deal, YFM has introduced Andrew Smith, who has chaired numerous infrastructure and transport businesses, as non-executive chairperson at CPMS.
Company
Founded in 2012, London-headquartered CPMS provides services related to the installation of rail infrastructure across track, signalling, telecommunications, civil engineering and overhead lines. Its services include programme and project management, engineering and construction, design, and commercial management.
The business generates a turnover of around £10m, according to a statement, and has a headcount of 60.
People
YFM Equity Partners – Jamie Roberts (partner).
Collaborative Project Management Services – Matthew Baine (managing director).
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