Chandos Fund
SMS [Special Mail Services]
| Support Services | Secure delivery |
|---|---|
| BIMBO | £8 million |
| Status | Realised |
| Location | Northampton |
Secure Mail Services Limited a specialist secure delivery business was acquired by Candover-backed Mail Acquisition Limited with the CEO, James Greenbury, taking the helm of the enlarged group.
YFM Group invested in the buy-in-management buyout of Northampton-based Secure Mail Services in 2002. Following the investment, YFM Group worked with a new chairman, Brian Taylor, as well as introducing the CEO.
With YFM Group's support, the Secure Mail Services team substantially expanded the business taking the number of depots from the original 8 to over 30 spread right across the UK. The sale to Mail Acquisition marked another step in the journey with the expanded group encompassing the operations of DX Services plc, the specialist document delivery business
The realisation has so far seen Secure Mail Services investors’ receive in excess of 2.25x their original £7.3 million investment.
