Specialist private equity fund manager YFM Equity Partners has backed a £1.5 million investment into e2E Engineering.
e2E is a leading technical consultancy operating in the telecommunications market, with particular expertise in satellite communications. The YFMs funding comes from its two advised VCTs, British Smaller Companies and British Smaller Companies 2.
Based in offices in Welwyn Garden City and Gateshead, e2E has had support from the European Space Agency and Innovate UK, and used its wealth of experience to develop its own suite of products and services that will solve communications-based problems in the telecommunications industry.
The latest investment will be used to commercialise and launch the first product of this nature, NEATaccess, an innovative communications node.
As part of the investment, YFM has introduced Mark Hurley to join the board. He holds a number of executive and non-executive positions across a wide range of sectors.
The company will continue to be led by Barry Ross, Eliot Minn and Chris Clarke, who together founded the business.
Investment Director at YFM Andy Thomas said: “We were attracted to this opportunity due to the strength of the long-established management team and the exciting, unique technology that they had developed over recent years. NEL Fund Managers introduced the deal and it was particularly pleasing to work with both them and local advisers to help bring this deal to completion. We look forward to helping this business to grow in the North East and Welwyn Garden City.”
CEO at e2E Barry Ross said: “The telecommunications and satellite communications market is rife with opportunities at the moment, given the complex networks and ever-expanding communications channels on offer. At e2E we have proven experience of developing bespoke and successful solutions and, with YFM’s support we look forward to launching these to the wider market.
“YFM is known for its impressive expertise in this sector and I look forward to working with them and Mark Hurley to enable e2E to reach its full potential.”