# TEV Ltd undergoes management buy-out backed by YFM Equity Partners

TEV Ltd, the former IMI Air Conditioning and IMI Marstair business, has been acquired by its management team in a buy-out backed by YFM Equity Partners. The deal was announced on 2017-05-23.

- Type: Acquisition
- Announced: 2017-05-23
- Where: Brighouse, West Yorkshire, United Kingdom
- Status: completed
- Products: air conditioning equipment, refrigeration equipment, chilled water cooling solutions
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [TEV Ltd](https://endata.com/companies/24444.md) (target)
- [YFM Equity Partners](https://endata.com/companies/24445.md) (acquirer)

## Sources

- [coolingpost.com](https://www.coolingpost.com/uk-news/tev-in-management-buy-out/), 2017-05-23: "YFM is known for successfully growing UK manufacturing business and so we are thrilled with both their investment and the expertise which they will provide."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.