YFM exits Leengate Valves in management buy-back

Since YFM's initial investment, the company has invested in a new distribution hub, made one bolt-on and expanded its range of products. Leengate has increased its turnover from £7m to £12m during the five-year holding period, according to a statement, while its headcount has increased from around 20 to around 40.

HSBC provided debt financing to support the latest transaction.

Previous funding
YFM supported the management buyout of Leengate from German listed parent Linde in 2014.

Company
Founded in 1985 and headquartered in Alfreton, Derbyshire, Leengate Valves is a wholesaler of industrial valves to resellers in the gas, water and industrial markets.

People
YFM Equity Partners - Nigel Owens (partner).
Leengate Valves - Steve Pickering (managing director).

Advisers
Debt - Irwin Mitchell Banking & Finance, Dean Gormley (debt advisory).

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• Topics
• Exits
• UK / Ireland
• Industrials
• United Kingdom
• YFM Group
• Management buy-back
• HSBC