Private equity fund manager YFM Equity Partners, alongside private co-investors, has backed the management buyout (MBO) of Ferrabyrne.
YFM's funding includes the second investment from its new YFMEP 2016 Fund, which held a first close in June.
Ferrabyrne designs, develops, manufactures and services systems and components, including rubber and metal for global customers in the rail, commercial vehicle and energy generation industries. Its key products include suspension components for passenger and freight rail vehicles and heavy-duty trucks, as well as components for wind turbines.
Ferrabyrne has 73 employees working at its headquarters in Littlehampton and across the globe.
Ken Horton, managing director at Ferrabyrne, says: "The rail market is growing strongly and with the backing of YFM we are ideally positioned to take advantage of this opportunity to supply train manufacturers and maintenance operations in the UK and abroad. We have invested heavily in our core business and are excited to be working under the new ownership as we enter the next stage for our business.”
