YFM Equity Partners invests £5.3m in Traveltek Group Ltd
YFM Equity Partners (YFM), the specialist private equity fund manager, has invested £5.3 million in Traveltek, a Scottish technology business which provides market leading dynamic packaging technology to travel agents, tour operators and wholesalers worldwide. The investments have been made by the VCT and LP funds advised and managed by YFM.
Traveltek has delivered a near 250% increase in sales in the last four years from its offices in Scotland, England, Australia and the US.
Traveltek Group Managing Director, Kenny Picken said:
“We chose YFM based on its long history of working successfully with owner managed teams and growing businesses internationally. YFM’s investment will allow us to continue to develop our market leading position by accelerating our existing international office network as well as expanding our local Scottish headquarters to support this growth.
“We have been particularly impressed with YFM’s commitment to backing our business and we look forward to working with the team as we enter this next key stage for our business.”