YFM Equity Partners sells investment in Wind Power

YFM Equity Partners and outgoing chairman Richard Asquith have sold their investment in Wind Power, a manufacturer of power distribution and generation equipment.

Wind Power, which is the parent company of Winder Electrical and Newton Derby, has been sold to a management team backed by Enterprise Ventures in a £6m secondary buyout.

Wind Power’s operating businesses based in Pudsey near Leeds employ around 100 people in its two divisions.

Winder Electrical specialises in the design and manufacture of power and distribution transformers for use on electricity networks, while Newton Derby supplies generation equipment for sectors such as marine, rail and aviation.