The British Smaller Companies VCT, managed by YFM, has sold its stake in Preston-based construction business Sheet Piling.
The British Smaller Companies VCT, managed by YFM, has sold its stake in Preston-based construction business Sheet Piling.
The sale to the company’s management team delivers a return of 3.7 times the VCT’s original investment and an IRR of 20 per cent.
YFM supported the management buy-out of Sheet Piling nine years ago. Since then ‘the business has grown rapidly to establish a strong market position and delivered significant levels of profit’, according to YFM investment director David Gee.
With clients including Asda and Balfour Beatty, Sheet Piling supplies specialist forms of driven steel piling as well as materials for dock and harbour works and river bank protection schemes.
