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Anaplan : YFM backs growing planning and forecasting tech business Vuealta with multi-million pound investment

09/27/2021 | 11:57am EST

Funds managed by YFM Equity Partners (YFM) have completed a multi-million pound investment into London-based planning and forecasting software and services business Vuealta from its managed VCTs, British Smaller Companies and British Smaller Companies 2, and Growth Fund III to enable further growth and overseas expansion.

Vuealta was founded in 2017 and delivers scenario planning and forecasting solutions for supply chain, finance and operations. The business has grown rapidly to a team of 70 staff, with offices in four countries spanning the EMEA, North America and APAC regions.

Vuealta works with customers across a wide range of sectors including global direct-to-consumer beauty company Glossier, growing consumer finance provider NewDay, co-operative dairy company Fonterra and outdoor gear specialist Helly Hansen.

The investment backs the experienced founders and management team to continue their global expansion strategy alongside US-based Anaplan. Vuealta is an Anaplan Gold Partner and has a seat on the Anaplan Global Strategic Council.

Founded in 2017 by seasoned entrepreneurs Ian Stone (CEO) and Adam Bimson (CCO), the Vuealta proposition has rapidly gained traction and is delivered via the £7bn market cap Anaplan platform, leveraging its growing market position in business planning software with a worldwide customer base.

As part of the investment, private technology investor Dominic Ely, who has worked with numerous technology businesses during stages of high growth, will invest alongside YFM and become non-Executive Chair.

"YFM is backing the vision of Ian, Adam and the excellent team they have built, on the back of the rapid progress they have made in a growth market. Vuealta is a really compelling proposition that is hugely relevant in a post-Brexit and Covid global market," said YFM partner David Wrench who led the investment from YFM.

"Vuealta's position as a key partner to leading cloud-native planning platform Anaplan, which itself is seeing huge traction, gives it a fantastic opportunity to scale with the support of a multi-billion US-based disruptor. We are excited to be involved in this next stage of growth of an innovative British technology business with ambitious global plans, and add to our evolving stable of high-growth UK tech investments," he added.

Vuealta's Ian Stone previously founded Vue Analytics, a CPM software venture that he sold to Anaplan in 2013 before becoming the US firm's UK & Ireland managing director. Stone launched Vuealta in 2017 with ex-McKinsey executive and Anaplan colleague Bimson.

"YFM are a great partner for Vuealta at a crucial stage of our development, and their investment will ensure that we can resource the business to take advantage of the opportunities we have to scale rapidly. Their track record with similar sized ambitious technology businesses was a key factor in our decision to partner with them," commented Stone.

Bimson added: "We want to build on our progress in the UK, and in the US and Asia Pacific where we have seen great early traction and need to resource expansion. YFM understand the opportunity to capitalise on what we have built to date to grow alongside the Anaplan business and platform."

The YFM team comprised David Wrench, Tiffany Young and Jamie Roberts. Rachel Turner and Bronia Richards of HCR Law provided legal advice and due diligence; Sam Phillips and Tom Slade of PKF Francis Clark led financial due diligence; Lucy Green of Larato provided commercial due diligence; and Richard Joyce and Munyaradzi Masumba of Grant Thornton led technical due diligence. Organisational due diligence was handled by Anna Cornwallis of Stratton HR; insurance due diligence by Kevin Stout of Lockton; and VCT advice came from Philip Hare and Alison Caulfield of Philip Hare & Associates.

The company was advised by Wendy Hart and Ricky Collis from HMT and Stephen Fuller from Ince.


For further press information, please contact: Susan Reid at Appeal PR on (01423) 56 99 99 or susan@appealpr.com

About YFM

YFM Equity Partners are specialist, independently owned, private equity investors. With over 30 years of experience we seek to unlock value and growth potential by providing up to £10 million of equity to fuel the development of established business throughout the UK regions. We do this by helping our portfolio companies grow niche businesses, launch new initiatives, make transformative acquisitions and upgrade technologies and systems. Through our offices in Leeds, London, Manchester, and Birmingham, we are dedicated to working alongside management teams to create long-term value for our investors, the companies we invest in and a positive economic impact for the communities in which we work. We manage funds in excess of £300 million which include venture capital trusts and private equity funds.

YFM Equity Partners conducts its investment business through its subsidiary YFM Private Equity Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 122120).

For more information, please visit www.yfmep.com or follow us on LinkedIn

About Vuealta

Vuealta is a Global Anaplan Partner helping organisations around the world solve complex planning challenges, through the delivery of a suite of applications powered by the Anaplan Connected Planning Platform. Our team of certified Anaplan experts work across all verticals, applying industry knowledge combined with modelling skills to create planning applications that support specific business requirements. For more common business planning processes, we offer a range of applications that have been pre-built, based on industry best practise standards, with faster delivery times. Vuealta has offices across the US, Europe and APAC and supports Anaplan customers on both a local and global scale.



(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

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