NorthEdge Capital hired Ben Wildsmith as portfolio director to manage the existing portfolio and find new deals across northern England. Wildsmith joined NorthEdge from EY where he worked as corporate finance director in the regional debt advisory business.
NorthEdge Capital, the private equity house that invests in businesses in the North of England, 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. He joins NorthEdge from EY where he was Corporate Finance Director responsible for leading the regional debt advisory business. Prior to that he specialised in business reorganisations and operational change gaining expertise in advising family and owner managed businesses. Prior to EY, Ben was at accountancy firm, Andersen.
This appointment follows the successful close of NorthEdge’s Fund II, which at the beginning of March hit its hard cap of £300m. With total funds under management at the firm now in excess of half a billion pounds, Ben will be responsible for growing and developing the firm’s existing portfolio as well as looking for new investments.
Ben Wildsmith, Portfolio Director at NorthEdge, said: “The new role represents an excellent opportunity to work in a thriving environment at a progressive, growing firm. The greater scope for responsibility, opportunity, and influence in a business’ decision-making process is an exciting prospect. I look forward to working with the team to achieve NorthEdge’s ambitious growth strategy and am delighted to join the firm.”
Dan Wright, Partner, Chief Operating Officer and Head of Portfolio at NorthEdge, said:
“Our commitment to providing a diligent, extensive service to both our existing portfolio businesses and potential clients is a key principle of our mission at NorthEdge. We are proud of our track record of building strong relationships with Northern businesses and this appointment is a reflection of our commitment to extending this offering.
“With extensive experience in leveraged finance, investment banking and private equity, Ben offers the expertise we require to be a key asset to our team and our clients. He will play an integral role to the promising future of investment at NorthEdge, ensuring that we are able to continue to provide outstanding support to our existing clients and identify opportunities for growth.”
About NorthEdge Capital LLP
NorthEdge Capital manages £525m of private equity funds aimed at the lower-mid market buy-out and development capital transactions. The private equity firm, which is focused on investing in the North of England, closed its maiden Fund in 2013 at £225m and closed Fund II at £300m in March 2016.
NorthEdge Capital focuses exclusively on Northern-based companies seeking equity investments to support MBOs, development capital and equity release. NorthEdge typically invests between £5m-£35m, focusing on established businesses, typically with a turnover greater than £10m and profits greater than £1.5m.
Based in both Manchester and Leeds, the firm has made 14 investments in Accrol Papers, Arthouse, DHS, Fine Industries, FPE Global, Help-Link, Jigsaw24, Ramsdens, Roberts Jackson, Solidor, Sumo Digital, Utiligroup, Total Fitness and TKC.
The senior team at NorthEdge has over 125 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.