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GLE acquires early stage investment specialist YFM04/04/2008. Source: AltAssets. 
 GLE Group, a UK angel and early stage venture capital provider to small and growing enterprises in Europe, has completed its acquisition of early stage investment specialist YFM Group. Financial terms of the transaction were not disclosed.
YFM Group, through its arms YFM Venture Finance and YFM Private Equity, manages about £300m in funds for both institutional and retail clients. Investors include UK clearing banks, pension funds, private individuals, large corporates, the European Investment Fund and local, national and European governments combined with the Regional Development Agencies. The team of over 40 investment managers specialises in making equity investments of up to £8m.
Martin Large, chief executive of GLE, said, 'The joining of GLE and YFM will open up new opportunities for both businesses. Both companies share a similar history and I very much look forward to a very positive future. The acquisition will enable us to combine our extensive investment expertise and funding potential to open up new opportunities for collaboration and leverage investment across Europe.'
London-based GLE focuses on delivering investment, products and services to promote small business growth. Following the acquisition of YFM, GLE now has over £330m in funds under management.
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