YFM Equity Partners has sold its minority stake in Manchester-based cloud and contact centre communications business FourNet, generating a return of 6x; the exit sees Palatine Private Equity take over the business.
Acquisition by Bergs Timber values the company at SEK 140m and ends a 12-year holding period
GP will focus on eastern European and Russian-speaking founders who it believes are undervalued and overlooked for funding
GP acquired IFG Group in 2019, subsequently splitting it into Saunderson House and James Hay
Riverside acquired Bike24 in 2015, selling it to Bridgepoint's Wiggle-CRC and buying it back in 2019