NorthEdge Capital has appointed experienced dealmaker Kevin O’Loughlin as an Investment Manager, based in Birmingham.
O’Loughlin joins NorthEdge from Deloitte, where he was Assistant Director for three years working on a range of transactions involving privately-owned and publicly-listed companies in the Midlands. These include the sale of Atcore to Inflexion Private Equity, the sale of Aegis Engineering to US buyer Safariland Group and Eddie Stobart’s acquisition of The Pallet Network.
Prior to Deloitte, O’Loughlin worked as part of EY’s Corporate Finance team, where he advised NorthEdge on investments including Ramsdens, the UK’s largest independent pawnbroker, which successfully floated on the AIM market of the London Stock Exchange.
At NorthEdge, O’Loughlin will be responsible for sourcing and transacting new investments for the firm in the Midlands, as well as working with the existing portfolio to deliver growth aspirations.
O’Loughlin says: “Having worked with NorthEdge on key deals in the past, I have seen first-hand the ability of the team to deliver ambitious growth strategies for the businesses they back. I’m excited to join as the firm continues to invest in its Midlands operation and look forward to working directly with the NorthEdge portfolio to deliver their potential and build on the strong existing track record.”
O’Loughlin’s appointment comes on the back of a busy period for NorthEdge’s Midlands team. The Birmingham office has doubled headcount, with NorthEdge Director Phil Frame joining from the firm’s Manchester office and Nassim Ahmed appointed as Deal Origination Executive.
In the last year, NorthEdge’s Midlands team has made two investments into Bridge Farm Nurseries and Orbis Protect, made two bolt-on acquisitions at Direct Healthcare Group and a further bolt-on acquisition at Belfield Group. NorthEdge has also achieved two exits in the Midlands in 2018, selling Jigsaw24 and DW3 Products Group. Earlier this year, the firm announced the Close of NorthEdge Capital SME Fund I at GBP120 million, taking total funds under management to over GBP650 million.
Rob Freer, Head of Midlands at NorthEdge Capital, says: “Our Birmingham office has seen sustained growth in terms of investment and realisation activity since launch two years ago. Building on that requires talented people, and we are pleased to be able to bring Kevin into the team to help us support our objectives by driving further investment activity. The Midlands is rich in ambitious management teams and Kevin’s deal making experience will be crucial in allowing us to tap into that further.”