GTK is a leading manufacturer and supplier of electronic components, specialising in cable assemblies, connectors, and displays for industries such as industrial, medical, automotive, and telecoms. Known for its commitment to quality and technical expertise, GTK supports customers with bespoke design and manufacturing solutions that meet the highest industry standards.
GTK
Global manufacturer of electronics solutions
Website
YFM investment
Undisclosed - 3.4x return
Investment date(s)
2013 - 2018
Deal type
Buyout
Location
Basingstoke
"GTK has grown tremendously since the MBO, driven by a continued investment in sales reach, operational capabilities and international expansion. It has been a great journey to go on with YFM who have been the supportive partner they said they would be."
Key Information
Key Information
The Business
Why We Invested
YFM Equity Partners invested in GTK to support the business’s growth ambitions, including enhancing its international footprint and expanding its product offering. The funding also facilitated investments in new manufacturing capabilities and strategic geographic expansion.
Growth Story
During YFM’s ownership, GTK achieved substantial growth and delivered several key milestones:
- International Expansion: Opened a state-of-the-art manufacturing facility in Romania to boost production capacity and operational efficiency.
- Established a new office in Germany to strengthen its presence in the European market.
- Operational Improvements: Professionalised the Far Eastern sourcing team, enhancing supplier relationships and procurement processes.
- Expanded the UK footprint by 40%, increasing production capabilities and supporting growing customer demand.
- Innovation: Introduced advanced technology to improve manufacturing reporting, ensuring greater transparency and efficiency across operations.
- Product Development: Launched innovative, tailored solutions to meet the evolving needs of customers across multiple industries.
- Secured contracts with high-profile international clients, growing its customer base in Europe and beyond.
- Strengthened the leadership team and operational processes to support scalable and sustainable growth.
Outcome
In 2018, YFM successfully exited its investment in GTK through a sale to global electronics manufacturer Volex, generating a 3.4x return and a 36% IRR for investors. The acquisition enabled GTK to integrate into a global network, further enhancing its service capabilities and international reach. The transaction marked a significant milestone in GTK’s growth journey, reflecting the value created during YFM’s partnership.