YFM Private Equity has supported the management buy-out of Lightmain Company.

YFM Private Equity has supported the management buy-out of Lightmain Company.

South-Yorkshire based Lightmain Leisure is a designer and manufacturer of playground and leisure equipment, employing over 40 staff.

The buy-out sees the sales director Trevor Lafferty and other members of the management team acquire a majority shareholding in Lightmain. The vendor has retained control of the construction and engineering divisions.

David Gee, director of investments YFM Private Equity, led the firm’s £600,000 investment, while Yorkshire Bank provided finance facilities.

‘The achievements of businesses such as Lightmain with a strong market presence and a dedicated management team are a key to weathering economic downturn and driving future growth,’ says Gee.