YFM sells CPMS for 2x return

IRR for the sale is estimated at around 35%. CPMS was part of YFM Equity Partners Buyout Fund I, which closed on £45m in May 2017. This is the fund's second exit, following the sale of telecommunications company Indigo Telecom Group.

Trade buyer Egis has taken a majority stake in the company. Egis is a €1.22bn turnover construction engineering and mobility services group that operates worldwide and has a workforce of 15,800 employees.

CPMS has a goal to generate turnover of £20m by 2025, according to a statement.

Previous funding
In 2018, YFM funded an MBO of CPMS with a £4.5m investment from its first buyout fund, for a 23.75% stake.

Company
Established in 2012, CPMS is a London-based multi-discipline infrastructure consultancy, offering professional services in enterprise asset management, project management, engineering and construction in the rail, aviation and highways industries. CPMS now has a turnover in excess of £8m and more than 70 employees.

People
YFM Equity Partners – Jonathan Simm (portfolio partner).

Advisers
Vendor – Gateley, Rachel Cox, Sarah Souter (legal); Quantuma, Mark Lucas (corporate finance).

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