NEWS - 2016

Latest news from NorthEdge

22 November 2016

NorthEdge strengthens New Business Team

Private equity firm NorthEdge Capital has strengthened its New Business Team in the North with the appointment of dealmakers Nicola McQuaid as Investment Manager and Greg Holmes as Investment Executive. A qualified Chartered Accountant, Nicola spent 10 years working at PwC in the firm’s Corporate Finance division before joining JLA, an HgCapital backed business, where […]

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25 October 2016

NorthEdge expands into the Midlands

Private equity firm NorthEdge Capital has opened a new office in Birmingham with two experienced dealmakers leading the team across the Midlands.

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Trio of national awards for NorthEdge Capital
7 October 2016

Trio of national awards for NorthEdge Capital

NorthEdge Capital has received recognition from the private equity community for its recent achievements, claiming three prestigious awards in the space of a week.

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4 October 2016

NorthEdge promotes Jon Pickering to Head of Manchester

NorthEdge Capital has promoted Jon Pickering to Head of Manchester to lead the firm’s investment operations across the North West.

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11 September 2016

NorthEdge achieves 4.4x return on Sumo exit

NorthEdge Capital, the private equity firm focused on the North of England, has announced the sale of its award-winning video game developer Sumo Digital to private investment firm Perwyn.

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8 September 2016

Vote for NorthEdge at Unquote’s British Private Equity Awards

We are delighted to have been shortlisted for five awards at the Unquote British Private Equity Awards 2016. The awards celebrate innovation and excellence in private equity as well as honouring the industry’s ability to help build British businesses.

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5 September 2016

NorthEdge invests in new deal origination team

NorthEdge Capital has announced the launch of a specialist Deal Origination Team as part of its ongoing investment to support the development and growth of the firm.  NorthEdge now has over £525m funds under management since the Final Close of NorthEdge Capital Fund II which reached  the £300m hard cap in March this year.

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31 August 2016

NorthEdge backs luxury travel MBO

NorthEdge Capital has backed the management buyout of ITC Luxury Travel Group. The firm has invested for a majority stake to support CEO Jen Atkinson and her senior team to deliver on planned investment in IT, management, staff, product and customer service. Specialising in luxury tailor made holidays worldwide since 1974, Chester-based ITC Luxury Travel […]

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16 August 2016

NorthEdge Capital strengthens team with CFO appointment

NorthEdge Capital has appointed Prem Mohan Raj to Chief Financial Officer (CFO) as the firm continues to invest in its team and target more deals across the North.

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8 August 2016

NorthEdge backs MBO of £55m logistics firm

NorthEdge Capital has invested an undisclosed eight-figure sum for a significant majority stake in Abbey Logistics Group, to support an MBO led by CEO Steve Granite.

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19 July 2016

NorthEdge backs MBO of Belfield Furnishings

NorthEdge Capital has backed the management buyout of home furnishings group Belfield Furnishings. Founded in 2002, Belfield is the UK’s largest white label manufacturer of home furnishings and one of Europe’s largest manufacturers specialising in the wholesale and distribution of products including upholstered furniture, soft furnishings, mattresses and curtains. The company, which is headquartered in […]

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29 June 2016

Neighbourhood and Victor’s owner secures NorthEdge backing

NorthEdge Capital has provided a multi million pound injection of development capital into the company behind premium casual dining brands Neighbourhood and Victor’s. East Coast Concepts, which was founded by entrepreneur James Hitchen and his brother Guy, currently operates the all day eatery and late bar Neighbourhood in Spinningfields which has recently undergone a £1m […]

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28 June 2016

Utiligroup CEO crowned as private equity backed entrepreneur 2016

A CEO of a NorthEdge Capital portfolio company has been honoured at the North of England EY Entrepreneur of the Year 2016 awards. Matthew Hirst, chief executive of Utiligroup, took home the crown for Private Equity Backed Entrepreneur of the Year. Hirst was praised by the judges for bringing disruption to the energy sector, his […]

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NorthEdge CEOs in the running for EY’s Entrepreneur award
20 June 2016

NorthEdge CEOs in the running for EY’s Entrepreneur award

A trio of Chief Executives backed by private equity firm NorthEdge Capital have been named as regional finalists in EY’s Entrepreneur of the Year UK Awards 2016. Carl Cavers, CEO of video game specialist Sumo Digital, Anita Kenyon, CEO of decorative home product designer Arthouse, and Matt Hirst, CEO of leading data management and services […]

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10 June 2016

NorthEdge’s tissue manufacturer Accrol valued at £116m

NorthEdge Capital has achieved its first exit as Accrol Group Holdings plc floats on the public market with an Enterprise Value of £116m and a market capitalisation of £93m. NorthEdge will retain a 15.04 per cent stake in the Company, which has commenced trading on the AIM market of the London Stock Exchange. NorthEdge backed […]

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26 May 2016

NorthEdge eyes AIM float for Accrol

Accrol Group Holdings plc, the private-equity backed leading independent tissue converter, has announced its intention to float on the AIM market of the London Stock Exchange. Dealings are expected to commence on AIM on 10 June 2016. Established in 1993 by the Hussain family, Accrol has grown to become a leading supplier of tissue products, […]

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20 May 2016

NorthEdge adds to new business team with PwC hire

NorthEdge Capital has appointed PwC dealmaker Dan Matkin as Investment Manager. Dan spent eight years working at PwC within the company’s Corporate Finance and Assurance divisions. In his role as Assistant Director, Dan led a number of private equity transactions and during the last year oversaw the £150m sale of Poundworld to TPG Capital, the […]

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12 May 2016

Utiligroup recruits from Alliance Manchester Business School

NorthEdge has a long-standing relationship with Alliance Manchester Business School (Alliance MBS), comprising several collaborative projects each year, a recurring summer internship programme and several speaker events. During 2015, NorthEdge introduced the “UK Consultancy Project” programme to portfolio company Utiligroup. Matthew Hirst (CEO of Utiligroup) guided five MBA students through a research-led analysis of the […]

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3 May 2016

NorthEdge promotes two to Investment Manager

NorthEdge Capital, the private equity firm focused on investing in businesses in the North of England, has promoted George Potts and James Marshall to Investment Manager. George joined NorthEdge in 2011 and was part of the team to close the firm’s maiden fund at £225m in 2012. He has been involved in a number of […]

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27 April 2016

NorthEdge boosts client offering with hire of Portfolio Director

NorthEdge Capital has hired Ben Wildsmith as Portfolio Director to manage the firm’s existing portfolio and to help deliver new deals across the North of England. Ben has over 15 years of corporate finance experience and joins NorthEdge from EY where he was Corporate Finance Director, responsible for leading the regional debt advisory business.  Prior […]

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21 April 2016

NorthEdge makes a move into the healthcare market

NorthEdge Capital has backed the management buyout of award-winning healthcare manufacturer, Direct Healthcare Services. A specialist provider of pressure area care solutions, DHS works closely with tissue viability nurses to design and manufacture mattresses, cushions and overlays to enhance the quality of patient care across the UK. Founded in 2009, DHS works with a range […]

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14 April 2016

Fine Industries bolsters its board with industry veteran appointment

Fine Industries has strengthened its board with the appointment of Dr. Christopher Richards as Non-Executive Director. Dr Richards has held positions at Arysta LifeSciences Corporation as President and Chief Executive Officer and, prior to this, held various roles with leading crop protection specialist Sygenta. Under his leadership, Arysta LifeSciences was transformed into a major global […]

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16 March 2016

NorthEdge enhances value creation offering with hire of Digital and Data Director

NorthEdge Capital has hired David Walters as its Digital and Data Director to help maximise online, data and technology opportunities for portfolio companies. David has over 25 years’ experience leading technology, digital, product and analytics teams across a range of sectors including media, automotive, marketing and insurance. Most recently, he held the position of Interim […]

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Fund II - Ray Stenton, Grant Berry, Michael Joseph, John Rastrick and Dan Wright
4 March 2016

NorthEdge Fund II hits hard cap of £300m

NorthEdge Capital is pleased to announce the close of its second fund, NorthEdge Capital Fund II at the hard cap of £300m, raised in four months. This brings total funds under management to over half a billion pounds raised in the last four years.

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BBC Breakfast
26 February 2016

Accrol Papers – BBC Breakfast

Although pockets of the north are identified as ‘low wage, high welfare’ zones, the investment that NorthEdge brings and the enterprise that we back can be a springboard for economic growth and job creation. This was highlighted by a recent BBC programme which was filmed on site at Accrol in Blackburn and featured several interviews […]

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