Funds managed by YFM Equity Partners (YFM) have sold their shareholding in KeTech Defence, part of KeTech Group, to safety and security company Wescom Group, generating a 2.8× return for YFM’s investors in the process.
The sale facilitates KeTech Defence’s aim to pursue further growth as a provider of innovative defence technologies for the homeland security sector, worldwide, and boost Wescom Group’s defence portfolio.
With the sale of KeTech Defence completed, YFM is retaining its shareholding in KeTech Systems, a specialist provider of real-time intelligent software systems for the rail industry, offering both operational and customer facing systems, cutting carbon emissions and delivering punctuality to the industry.
Since investing in KeTech, YFM has helped the business to extend its unique product portfolio, build its team of data experts, software developers and digital railway specialists, and expand its international reach.
