Gateley Plc advised YFM Equity Partners on the £5 million development capital investment in KeTech, a Nottingham based provider of rail communication systems and security products. The investment is being made by YFM Equity Partners’British Smaller Companies VCT funds and YFM Equity Partners 2015 Co-investment Fund.
KeTech was founded in 1999 and employs 65 staff across its Nottingham head office, in Preston and London. For the financial year ending 31 August 2014, KeTech sales grew by 76% to £10.2 million. It is currently working on a £7.2 million contract to provide on train driver information systems for Bombardier/Crossrail. KeTech has also secured recent contracts from the UK Ministry of Defence, Japan’s Ministry of Defence, London Underground, Northern Rail, Thales, the German Federal Police, and Gatwick Airport.
The deal was led from our Nottingham office by Mark Rutherford, Corporate partner and supported by Zum Mohammed, Corporate solicitor. Springboard Corporate Finance, Mazars and Claritas Tax also advised.
For more information about our Corporate activities please contact: Mark Rutherford or Zum Mohammed.