• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Buyouts

YFM backs MBO of SOS Leak Detection

  • Wahida Ahmed
  • 05 September 2022
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

UK-based sponsor YFM has acquired a majority stake in Bedfordshire-headquartered water damage repair and water detection business SOS Leak Detection in a primary buyout.

Following the deal, the founders of the business, Nik Day and Brad Wilby, will remain significant investors in the company and provide strategic and business development support, according to a press release.

With YFM’s support, SOS Leak Detection plans to expand its service range, the press release noted.

SOS Leak Detection

  • LOCATION:

    Bedfordshire

  • SECTOR:

    Business Support Services

  • FOUNDED:

    2011

  • STAFF:

    35

David Wrench, investment partner at the sponsor, told Unquote that YFM deployed equity via YFM Equity Partners Buyout Fund II, which held a final close in March 2020 on GBP 80m and makes investments of GBP 3m-GBP 10m in UK-based small businesses, according to Unquote Data.

The investment in SOS Leak Detection marks the fifth deal from the fund. The vehicle aims to make between 10-11 deals and plans to make at least one more deal by the end of this year, Wrench said.

Transworld Business Advisors led a sale process for the business, said Wrench. YFM’s core plan is to focus on organic growth and the sponsor aims to double the size of the company over the next three to four years. The sponsor also has a pipeline of targeted acquisition opportunities, he said.

The sponsor has previously supported other businesses operating in the technical services space, having backed the MBOs of Checkmate, an Elland-based passive fire protection specialist in 2018; RGE Services, a UK-based fire and electrical compliance services provider in April 2021; and Winchester-based GHG, a loss adjusting and claims management specialist in July 2020.

Company
Founded in 2011, SOS Leak Detection is headquartered in Wyboston Lakes, Bedfordshire, and has a team of 35 employees. The business detects water leaks and predominantly serve UK-based customers, largely in the insurance sector. SOS Leak Detection has resolved more than 15,000 escape of water cases over the last three years, according to the press release.

People
YFM – David Wrench (investment partner).
SOS Leak Detection – Stuart Black (chairman); Nik Day (co-founder); Brad Wilby (co-founder); Jamie Nash (managing director).

Advisers
Equity – James Cowper Kreston (accountants); Shoosmiths (legal); PMSI (commercial due diligence); Crowe (financial due diligence); GT (exit & IT due diligence); Catalysis (organisational and people due diligence).
Vendor – Transworld Business Advisors (corporate finance); Ashtons (legal).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Buyouts
  • UK / Ireland
  • Support services
  • YFM Group
  • United Kingdom

More on Buyouts

Clinical trials and biotechnology
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • Buyouts
  • 04 September 2023
EMEA Public to Private M&A
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • Investments
  • 04 September 2023
HR software solutions providers
Main Capital’s Assessio to be sold to Pollen Street

Recruitment software company tripled in revenue under Main Capital’s ownership

  • Buyouts
  • 25 August 2023
Ice cream
Exponent divests ‘significant' stake in Meadow to Canadian investor

Since 2018, GP has diversified food ingredients company's focus beyond commodity dairy

  • Exits
  • 22 August 2023

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013