YFM Equity Partners LLP divested its stake in Mangar Health Ltd. to French medical device company Winncare Group Ltd.
The U.K.-based private equity firm did not disclose the sale price but said the transaction resulted in a 2.7x return to investors.
U.K.-based Mangar Health makes inflatable bathing and lifting devices for care providers and people with limited mobility. It was acquired by YFM in 2014 through a management buyout with YFM-advised British Smaller Cos. VCT PLC and British Smaller Cos. VCT2 PLC.
KPMG and Addleshaw Goddard advised YFM and the management team on the transaction.