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.
Ray Stenton, Partner and Head of New Business will be supported by James Hales who joins as Head of Origination. Hales spent seven years leading the highly successful origination activities of Global Corporate Finance Advisory business, Clearwater International. Catherine Bucko moves into the role of Deal Origination Executive. With almost four years’ experience supporting the deal teams in transaction execution and business development at NorthEdge, Catherine will be responsible for supporting the team in identifying new investment opportunities.
As Head of Origination, James will be responsible for identifying new investment opportunities and management teams looking to grow their businesses. The Deal Origination team will also provide ongoing support to a number of current portfolio investments which are actively pursuing acquisitive strategies to accelerate growth. Recent examples have included the acquisition of Nightingale Beds by Direct Healthcare Group; MatrixCMS by Jigsaw24 and the acquisitions of both Window Widgets and Residence 9 by DW3 Products Group.
NorthEdge’s investment in deal origination is a further commitment to the Northern region and is a testament to the quality of business opportunity across the region.
James Hales, Head of Origination at NorthEdge Capital, said: “With two investments in Fund II already made and a healthy pipeline in place, now is a great opportunity to leverage existing relationships and create new ones.
“I am delighted to be joining the firm at such an exciting time. With Northern roots I am fortunate to have the opportunity to meet first hand with many of the ambitious management teams the North has to offer and be a part of the growth story private equity helps create. There is a real buzz within the team at NorthEdge and the track record and entrepreneurial expertise is unparalleled. I am equally proud and fortunate to be part of such a quality team.”
Catherine Bucko, Deal Origination Executive at NorthEdge Capital, said: “Having been with NorthEdge for nearly four years, I have seen the portfolio expand across a number of exciting sectors. I am relishing the prospect of greater involvement in deal origination and I am confident that working with Ray and James, we will be able to source new opportunities to expand our portfolio to include an even wider range of businesses and sectors.”
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