UK-based NorthEdge Capital has announced two promotions. Tom Rowley has become investment director and Phil Frame is investment manager.
NorthEdge Capital has announced two promotions, with Tom Rowley becoming investment director and Phil Frame now investment manager.
Tom joined NorthEdge as investment manager at the start of 2013. He has played an instrumental role on the board of Jigsaw24 and was involved in the company’s recent acquisition of London-based Square Group, which takes turnover to more than £80m. Tom also played a lead role in the recent £66m Accrol Papers transaction. He has over 13 years’ experience working across public and private transactions, with previous positions at Deloitte and Zeus Capital.
Phil joined NorthEdge in 2012 as a senior investment executive. He was part of its maiden deal with Stockport-based FPE Global, which saw him appointed to the company’s Board as non-executive director. Phil joined from Altium and has worked on a number of buy-side and sell-side transactions within the e-commerce, retail, capital goods, and renewable energy sectors.
Grant Berry, managing partner of NorthEdge Capital, commented: “We’ve seen a strong start to 2014 and recently completed our sixth investment in Accrol Papers. NorthEdge is committed not only to investing in the North but also in our own employees. The pipeline of upcoming deals is healthy and we know that Tom and Phil will continue to support new investments and the management of our existing portfolio.”
Press contact: Liam Buckley @ MC2 (0161 236 1352 or [email protected])
About NorthEdge Capital LLP
NorthEdge Capital, which operates from Manchester and Leeds, closed its maiden fund at £225m in March 2013, raising funds from 15 global institutional investors and 16 HNWIs – one of the largest first time funds to be raised in Europe since 2008. NorthEdge Capital LLP focuses exclusively on Northern-based companies seeking equity investments to support MBOs, development capital and equity release and has to date made six investments in Accrol Papers, FPE Global, Fine Industries, Help-Link, Jigsaw24 and Utiligroup.
NorthEdge targets the lower mid-market with investment in businesses with an enterprise value of £10m to £100m, although typical transactions will range from £20m to £75m in value with equity investments from £5m to £35m in any one deal.
The senior team at NorthEdge has over 100 years’ experience in structuring and financing private equity transactions. The firm takes a management-orientated approach with a culture of delivery where smart, opportunistic thinking supported by meaningful due diligence and sound perspectives are valued. It focuses on value creation and capital return to the benefit of all stakeholders.