NorthEdge Capital is celebrating a double award win at the Insider Yorkshire Dealmakers Awards 2013. The private equity firm secured Deal of the Year (£20m and under) for its investment in April in domestic boiler and heating installation business, Help-Link, and Andy Ball, Partner and Chief Investment Officer, triumphed in the Private Equity Provider of the Year category.
Help-Link is headquartered in Leeds and has a wide reach across the country. It has a 900+ strong national workforce and approaching £100m turnover. The Award win acknowledged the significant role NorthEdge is playing in encouraging business growth, as well as supporting the aims of the senior management team.
Andy Ball beat stiff competition to the title of Private Equity Provider of the Year, thanks to his involvement in NorthEdge’s first four investments from its maiden fund; Help-Link, IT solutions firm Jigsaw24, specialist engineering firm FPE Global and chemicals business Fine Industries.
The last 12 months have been a bumper year for NorthEdge, as it raised the largest maiden fund in Europe since 2008, closing at £225 million, as well as securing deals with four high-growth Northern-based businesses.
Grant Berry, managing partner at NorthEdge Capital, said: “These award wins acknowledge the significant level of work that the team in Yorkshire has put in over the last year. As a firm we are solely committed to supporting and developing businesses across the North, and as our first investment in Yorkshire, Help-Link demonstrated the calibre of businesses currently operating in the region. We are extremely proud of the Leeds team who have now positioned themselves to be the first choice private equity partner to the region’s businesses seeking investment.”
Speaking of the investment, Mel Butler, managing director at Help-Link said: “Strategically, we wanted the investment to help give us the confidence to push the company to another level whilst leaving the operational running of the business to the management team at Help-Link. By this time next year we aim to have doubled the business by hitting a run rate of £200 million.”
The Insider Yorkshire Dealmakers Awards took place on the 21st November at New Dock Hall in Leeds and celebrated the highlights of a resurgent Yorkshire deals market.