YFM has exited its investment in FourNet, a digital transformation and customer experience specialists whose clients include 10 Downing Street, the Cabinet Office, HM Treasury and the Bank of England.
The secondary buyout deal backed by Palatine Private Equity generated a six-times return for YFM’s investors in less than four years.
Dan Freed, partner at YFM, says: “We backed FourNet as a niche business with a strong reputation in a specialist and rapidly growing market, knowing that, with our support, they could continue to thrive. They are exactly the type of business and management team that YFM looks to invest in from our managed funds.
“FourNet has delivered strong increases in revenue and profits and been at the forefront of technology change in the market, delivering complex solutions to its impressive customer base. There has always been good alignment between us and we’ve really enjoyed working with Richard and the team. The business is now very well-positioned to move on to the next stage of its growth and we wish them every success for the future.”