UK - YFM's Chandos Fund completes first deal with £2.3 investment

YFM Private Equity's latest fund, Chandos, has completed its first buyout. Chandos's first deal, a £2.3m investment in fitted kitchen specialist Harvey Jones, follows its first close on £23m in January. The fund is targeting a final close of £40m, anticipated later this year. YFM Private Equity's investment in Harvey Jones totals £3.5m with £1.2m provided by the YFM-managed British Smaller Companies VCT and British Smaller Technology Companies 2 VCTs. HSBC provided debt to support the management buyout, the value of which was not disclosed. The deal represents an exit for the private vendors.