YFM Equity Partners has invested 4.5 million pounds in Collaborative Project Management Services. UK-based CPMS is a provider of full project solutions to traditional project consultancy for the rail sector.
YFM Equity Partners (YFM), the specialist private equity fund manager, has invested £4.5m from its managed funds into Collaborative Project Management Services (CPMS) to support the continued growth of the business through ongoing new product and market development. YFM’s investment is the seventh investment from its £46m buyout fund.
CPMS provides multidiscipline Project Management to the railway system across track, signalling, telecoms, civils, and overhead lines. CPMS has built a very strong reputation for excellence and is one of only seven companies to be awarded top marks under Network Rail’s Performance Supplier feedback process. CPMS has grown quickly due it’s to reputation for efficient delivery and impressive levels of service. Current annual revenues are almost £10m and the company employs 60 highly qualified members of staff.
The business was founded in 2012 by Matthew Baine, Damien Gent, Chris Mackie and Tim Galvini who will all remain with the company following the YFM investment and will continue to be the largest shareholders. The team will be joined by Andrew Smith as Non-Executive Chairman, Andrew spent his executive career in large scale Infrastructure and Transport roles and has since become a serially successful Chairman.
Jamie Roberts, Partner at YFM, said: “Rail infrastructure is critical to the UK economy and CPMS is at the forefront of delivering the ongoing significant investment needed to keep up with demand. The CPMS team has done a great job in building the business and we were very impressed with the reputation they have for delivering complex projects on time and under budget. We look forward to working with the team as they move to the next stage of the company’s development”.
“This is the seventh investment from YFM’s 2016 buyout fund, which closed in April 2017, and represents another strong example of investing in well-established regional businesses in the £2-10 million investment market.”
Matthew Baine, MD and founder at CPMS, added: “We believe that our success is down to hard work, an honest and transparent ethos and the delivery of well thought out client solutions. We met various private equity investors as part of this process and we felt YFM offered the right skill set to help deliver our growth objectives as well as sharing a similar culture. We are looking forward to working with Andrew Smith and YFM to continue our growth story.”
About YFM Equity Partners
YFM Equity Partners are specialist, independently owned, private equity investors. With over 35 years of experience we seek to unlock value and growth potential by providing up to £10 million of equity to fuel the development of established business throughout the UK regions. We do this by helping our portfolio companies grow niche businesses, launch new initiatives, make transformative acquisitions and upgrade technologies and systems. Through our offices in Leeds, London,
Manchester, Birmingham and Sheffield, we are dedicated to working alongside management teams to create long-term value for our investors, the companies we invest in and a positive economic impact for the communities in which we work. We manage and advise funds in excess of £200 million which include venture capital trusts and private equity funds.
YFM Equity Partners conducts its investment business through its subsidiary YFM Private Equity Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 122120).
For more information, please visit www.yfmep.com or follow us on Twitter @YFMEP.
About Collaborative Project Management Services Ltd
Collaborative Project Management Services (CPMS) was established in 2012 by four like-minded individuals with over 80 years of combined project delivery experience. The company has grown significantly over the last few years and now employs over 60 members of highly qualified staff. This growth has been fostered on the back of exceedingly high levels of client satisfaction.
We believe that our success is down to hard work, honest and transparent dealings and the delivery of well thought out client solutions.
CPMS simplify the complex. By implementing our tried and tested delivery model we have proven that not all rail projects need to be overly complicated.
We offer our clients a range of services, from the provision of full project solutions to traditional project consultancy and the supply of specialist, highly skilled project resources.
From contractor to client and from maintenance to major projects, CPMS has a wealth of first hand experience and knowledge in finding innovative solutions, delivering successful and safe complex projects and leading teams in the rail sector.