YFM Equity Partners backs GTK buyout

The GP plans to expand the firm's offering to businesses seeking to outsource the manufacturing of non-core electronic components.

YFM traditionally invests up to £10m per transaction.

Company
Founded in 1990 and based in Basingstoke, GTK UK provides design, procurement and manufacturing services of non-core electronic components. The firm's customer base is located in the UK and operates in sectors such as precision instrumentation, defence, security and contract equipment manufacturing.

GTK's work in optoelectronics includes the provision of LCDs used in smart meters, in-car entertainment systems and secure entry systems. The firm reports a 17% year-on-year increase in revenues, with a turnover of £9.4m in 2013.

People
Paul Cannings is director at YFM Equity Partners.

Advisers
Equity – PwC, Phillip Hare (Financial due diligence); Osborne Clarke, Simon Jones (Legal).
Management – Pitmans, Roger Gregory (Legal); Grant Thornton, Caroline Harwood (Corporate finance).
Vendor – Blandy & Blandy, David Few (Legal); James Cowper, Nick Rogers (Financial due diligence).

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• Topics
• UK / Ireland
• Industrials
• Buyouts
• YFM Group
• United Kingdom