• GL
Choose your location?
  • Global Global
  • Australia
  • France
  • Germany
  • Ireland
  • Italy
  • Poland
  • Qatar
  • Spain
  • UAE
  • UK

DWF advises digital transformation business on secondary buyout

10 June 2021
DWF has advised the founders of Manchester-based FourNet as YFM Equity Partners (YFM) sells its stake in the business after a four year investment. The secondary buyout deal is backed by Palatine Private Equity.
FourNet provides cloud and managed services to clients, to enable digital transformation across their organisation and help improve their customer experience. The business works with global clients as well as with the UK public sector including central and local government, the emergency services, social housing, health and education from its base in Manchester and offices in London and Burton-on-Trent. 

YFM initially invested in 2017 to back the four founders of FourNet and help them continue the strong growth of the business. In addition to YFM, founding shareholders Frank Jennings and Mike Jervis, will also exit.

DWF's Corporate team advised the shareholders of FourNet on this latest transaction, led by partner, Jonathan Robinson, senior associate Will Munday and solicitor, Lara Benson.  

Jonathan said: "We are delighted for the FourNet selling shareholders. Having advised on the YFM investment four years ago, it is a pleasure to now support the shareholders of FourNet as they move on with this new investment by Palatine. We wish them every success."

Further Reading

We use necessary cookies to make our site work. We'd also like to set analytics cookies that help us make improvements by measuring how you use the site. These will be set when you accept.

For more detailed information about the cookies we use, see our Cookies page.

Manage your cookies

Our use of cookies

We use necessary cookies to make our site work. We'd also like to set analytics cookies that help us make improvements by measuring how you use the site. These will be set when you accept.

For more detailed information about the cookies we use, see our Cookies page.

Necessary cookies

(Required)

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

These cookies are required

Tracking cookies

Anonymous cookies that help us understand the performance of our website and how we can improve the website experience for our users. Some of these may be set by third parties we trust, such as Google Analytics.

They may also be used to personalise your experience on our website by remembering your preferences and settings.

Marketing cookies

These cookies are used to improve and personalise your experience with our brands. We may use these cookies to show adverts for our products, or measure the performance of our adverts.