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March 1, 2024
PI Global Investments
Private Equity

Private equity firm exits defence technologies provider


YFM Equity Partners (YFM) has sold its stake in KeTech Defence, part of Nottingham- and Preston-based KeTech Group, to safety and security company Wescom Group.

The sale will deliver a money multiple return of 2.8 for YFM’s investors. The private equity firm first invested in KeTech Group in 2015.

KeTech Defence is a provider of defence technologies for the homeland security sector, worldwide. The business will boost Wescom Group’s defence portfolio.

YFM is retaining its shareholding in KeTech Systems, a specialist provider of real- time intelligent software systems for the rail industry.

CEO Denise Lawrenson from KeTech Group said: “YFM has been instrumental in the success stories of both KeTech Defence and KeTech Systems. The YFM team has helped to secure an exciting future for KeTech Defence, which will go on to prosper under Wescom Group ownership. We now look forward to pursuing further growth plans for KeTech both in the U.K. and overseas with YFM’s backing and support. We are excited that we now have the opportunity to concentrate on building the Rail business and expanding our portfolio further, working with operators and train builders alike to deliver exciting innovative and reliable systems across the globe. “

Gavin Chadwick, YFM portfolio firector, added: “We are confident that KeTech Defence will flourish under its new ownership and are proud of the role we have played in nurturing the business and securing a strong return for our investors. Our focus now will be on supporting KeTech and helping that exceptional company to continue blazing a trail in the rail sector.”



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