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NorthEdge launches deal origination team

NorthEdge Capital has launched a specialist deal origination team as part of its ongoing investment to support the development and growth of the firm. 

NorthEdge now has over GBP525 million in funds under management since the final close of NorthEdge Capital Fund II, which reached its GBP300 million hard cap in March.
 
Ray Stenton, partner and head of new business, will be supported by James Hales who joins as head of origination.
 
Hales spent seven years leading the origination activities of global corporate finance advisory business Clearwater International. He will be responsible for identifying new investment opportunities and management teams looking to grow their businesses.   
 
Catherine Bucko moves into the role of deal origination executive. With almost four years’ experience supporting the deal teams in transaction execution and business development at NorthEdge, Bucko will be responsible for supporting the team in identifying new investment opportunities.  
 
The deal origination team will provide ongoing support to a number of current portfolio investments which are actively pursuing acquisitive strategies to accelerate growth. Recent examples have included the acquisition of Nightingale Beds by Direct Healthcare Group, MatrixCMS by Jigsaw24 and the acquisitions of both Window Widgets and Residence 9 by DW3 Products Group.
 
Hales says: “With two investments in Fund II already made and a healthy pipeline in place, now is a great opportunity to leverage existing relationships and create new ones.
 
“I am delighted to be joining the firm at such an exciting time. With Northern roots I am fortunate to have the opportunity to meet first hand with many of the ambitious management teams the North has to offer and be a part of the growth story private equity helps create. There is a real buzz within the team at NorthEdge and the track record and entrepreneurial expertise is unparalleled. I am equally proud and fortunate to be part of such a quality team.”
 
Bucko says: “Having been with NorthEdge for nearly four years, I have seen the portfolio expand across a number of exciting sectors. I am relishing the prospect of greater involvement in deal origination and I am confident that working with Ray and James, we will be able to source new opportunities to expand our portfolio to include an even wider range of businesses and sectors.”

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