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 ТЃ2.3m investment in fitted kitchen specialist Harvey Jones, follows its first close on ТЃ23m in January. The fund is targeting a final close of ТЃ40m, anticipated later this year. YFM Private Equity's investment in Harvey Jones totals ТЃ3.5m with ТЃ1.2m 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.