YFM reaps 3.4x on sale of GTK

The sale generated a return of 3.4x its original cost and a 36% IRR.

YFM completed a primary buyout of GTK from its founder in 2013; Unquote reported at the time that the business was generating a £9.4m turnover.

According to a statement, in the past five years the GP has seen invested revenues grow over 60% and profits have more than doubled. The growth has been driven by investment in the UK sales team; the opening of a new sales office in Germany; a near doubling of manufacturing capacity in the UK; and the opening of a new manufacturing facility in Romania in 2016.

Company
Founded in 1990 and based in Basingstoke, GTK UK provides high-quality electronics products, including standard and custom cable assemblies, connectors and displays. Its German office offers a point of contact for customers in Germany and the rest of Europe, and the Romanian facility supplies automated manufacturing capabilities.

People
GTK UK – John Morath (CEO).
YFM Equity Partners – Jamie Roberts (partner).

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