Private equity house YFM Equity Partners (YFM), which has offices in London, Birmingham, Leeds and Manchester, has promoted David Wrench to equity partner as it continues to strengthen its investment team.
With more than 12 years’ experience in corporate finance, Wrench joined the London team as an investment director in April 2020 to provide further focus on YFM in the South West and Thames Valley regions.
Since joining the team, Wrench has assisted in the completion of four new investments, including a GBP3.75 million growth capital investment into the global commodity broker Arraco Global Markets; a GBP7 million investment to support the primary buyout of the loss adjusting and claims management specialist GHG based in Eastleigh; GBP4 million growth capital investment in the Bournemouth-based film visual effects company Outpost VFX; and a GBP5 million investment to fund the primary buyout of RGE Services, a fire and electrical compliance services provider focussed on the South.
“It has been an extremely busy year for us, making six new investments and two portfolio acquisitions, and asking David to join the partnership reflects him being a key part of delivering that success,” says partner and head of new investments in the South, Jamie Roberts. “David joined YFM at the start of the lock down, but despite that, he has had a fantastic 13 months and I am delighted he is joining the partnership. The South West has always been an important region for YFM and I look forward to us continuing to invest in new growth capital and buyout opportunities on patch.”
Wrench says: “I have known the YFM team since I started working in corporate finance, it’s been fantastic to be a part of the success of the last 13 months and I am delighted to be joining the partnership. YFM has more than lived up to its reputation as a trusted and supportive partner to growing businesses, which has been even more critical given all that has happened over the past year. I am looking forward to continuing to grow YFM, and more specifically, our presence in the South West and supporting both local businesses and the advisory community.”