Dan Matkin, formerly assistant director at PwC, joined NorthEdge Capital as investment manager, following the recent closure of the firm’s £300m Fund II. At PwC Matkin worked in the corporate finance and assurance divisions, leading several private equity transactions. NorthEdge focuses on investing in the North of England.
NorthEdge Capital, the private equity firm focused on investing in the North of England, 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 £52m sale of Nexus Rental to Bowmark Capital and the sale of energy solutions provider Mark Group to NYSE-listed Sun Edison.
Educated at Newcastle University and a qualified Chartered Accountant, Dan will work alongside Partner Ray Stenton to help drive NorthEdge’s new business efforts following the recent closure of its £300m Fund II.
Ray Stenton, Partner and Head of New Business, said: “We are delighted to have Dan on board as we explore new investment opportunities across the North. It has been a fantastic 12 months for NorthEdge, where we have raised our second fund and recruited some top talent across our Manchester and Leeds offices. Dan has been involved in a number of stand out deals during his time at PwC and I am certain his M&A expertise will add tremendous value to the entrepreneurs that we work with.”
Dan Matkin, Investment Manager at NorthEdge Capital, added: “It is a very exciting time to be joining the firm. The North of England continues to be a great place to do business and there are a lot of ambitious management teams out there that have huge potential for growth. The level of knowledge and expertise at NorthEdge is second to none and I am proud to be part of such a quality team.”
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.
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