YFM Private Equity has supported to the management buy-out (MBO) of Sheffield manufacturing businesses Conflow and Bestobell Valves.

YFM Private Equity has supported to the management buy-out (MBO) of Sheffield manufacturing businesses Conflow and Bestobell Valves.

New company, President Engineering Group Limited (PEGL), led by managing director Mark Henley, will become the parent of Conflow and Bestobell Valves following the deal, YFM says in a statement. The businesses were formerly divisions of Flow Group.

The funding, details of which have not been disclosed, will support the global growth and product development of Conflow, a supplier of components and systems for dust suppression, fire suppression and water control, and Bestobell Valves, a cryogenic valve supplier.