In separate deals, YFM Equity Partners has exited Primal Pictures and backed the buy-in and management buyout of Insider Technologies.
Founded in 1991 by Laurie Wiseman and Chris Briscoe, Primal Pictures has created a medically accurate 3D model of the human body. The anatomy software is widely adopted by teaching hospitals and universities in over 20 countries. The company was sold to Informa for an undisclosed sum, making a 2x return for YFM.
YFM has provided several rounds of development capital since it first invested in 1999. The software is now used by 500,000 students in more than 200 universities around the world.
The firm also invested in Insider Technologies, a software company, in a £3m deal. Insider Technologies provides enterprise software products that track payments in retail and investment banks. It also provides high security payment monitoring for government and defence organisations. Clients include HSBC, Barclays and the Bank of England.
As part of the deal, Richard Lauder is joining the company as as executive chairman. He previously worked as EMEA president of ACI Worldwide and has nearly 40 years of experience in the IT industry. Insider is headquartered in Salford Quays and employs 28 staff. The company hopes to capitalise on growth in Europe and the Middle East.
The company was founded in 1989 by Steve Tanham, who is leaving the business.