Northedge adds ex-PwC dealmaker as investment manager

Matkin will work alongside partner Ray Stenton as NorthEdge gets busier deploying its £300m Fund II. The GP closed its second fund on its hard-cap at the beginning of March, after just four months on the road. It is understood NorthEdge Capital Fund II was fully allocated at launch. The vehicle followed on from NorthEdge's debut fund, which closed in March 2013 on £225m.

Shortly after closing its second fund, NorthEdge put its maiden vehicle to work on one more transaction, acquiring a majority stake in Direct Healthcare Services, a British manufacturer of mattresses, pillows and beds for the healthcare sector.

Prior to joining NorthEdge, Matkin spent eight years in PwC's corporate finance and assurance divisions as assistant director. He led a number of private equity transactions, most recently including the £150m sale of Poundworld to TPG Capital and the £52m sale of Nexus Rental to Bowmark Capital.

NorthEdge recently promoted George Potts and James Marshall to investment manager. In September last year, it hired Ian Plumb, who previously worked at turnaround firm Endless, as a portfolio director and appointed Harry Jones as an investment executive in its Manchester office.

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