YFM Equity Partners, the specialist private equity fund manager, has backed the MBO of DSP Database Managed Services.
DSP is a leading provider of database and data platform managed services.
This is the sixth investment from YFM’s Buyout Fund I.
DSP is one of the UK’s leading suppliers of Data Platform support & consulting services, whether on-premise, in-the-cloud or hybrid. It prides itself on having world-class Oracle and Microsoft delivery teams that deliver innovative support, consultancy and managed cloud services to a wide range of mid-market and FTSE 100 clients, particularly those with mission-critical database architectures.
DSP was founded in 1999, is led by CEO, Simon Goodenough, and is now looking to invest further in sales, operations and service innovation to accelerate growth across all areas of the business.
Charlie Robinson, Partner at YFM said: “DSP is exactly the type of business that we look to invest in; it has an excellent reputation in this industry and has delivered consistent growth over the last few years.
“Its focus on enabling its customers to get the right solution among a myriad of technology and vendor options provides a positive backdrop for the Company to further develop its customer base and expand its service offering.
“This is the sixth investment from YFM’s Buyout Fund, which closed in April 2017 investing in well-established UK businesses and supporting management teams in delivering their ambitious growth plans.”
Simon Goodenough, CEO at DSP said: “DSP is seeing unprecedented levels of demand for its services, especially from organisations that are beginning to realise the strategic value of hybrid private and public cloud data platforms. We are delighted with both YFM’s investment and the expertise the team will provide. We are looking forward to working closely with YFM to enable us to deliver our growth plans and reach the Company’s true potential.”