
NorthEdge appoints two new partners amid several senior promotions

UK-based lower mid-market private equity firm NorthEdge Capital has appointed Lucie Mills and Phil Frame as partners amid promotions in its Manchester, Leeds and Birmingham offices.
Mills, who joined NorthEdge in 2019 as the head of business transformation, will work with portfolio companies’ management teams to support value creation plans and build on ESG strategies.
Frame, who is based in Manchester and joined the firm in August 2012, will remain focused on driving new investment activity across the North of England, he told Unquote: “We focus on healthcare, business services, technology, and specialist industrials sectors. I will also be leading transactions day to day,” he added.
NorthEdge is deploying equity via NorthEdge Capital SME Fund I and NorthEdge Capital III.
NorthEdge Capital III held a final close in December 2020 on GBP 250m and targets mid-market UK-based companies, according to Unquote Data. According to Frame, the fund is around 20% deployed. It has made two investments thus far – in technology company Correla in March 2022, and in Meet Recruitment in September 2021.
NorthEdge Capital SME Fund I held a final close on its GBP 120m hard-cap in July 2018. The vehicle will seek to invest in businesses in the North of England and the Midlands region, according to Unquote Data. Frame said the fund is over 50% invested.
Other promotions in NorthEdge’s Manchester office include those of Dan Matkin and Charlie Page to director and CFO, respectively.
In the Leeds office, James Marshall has been promoted to director and in the Birmingham office, Kevin O’Loughlin has been promoted to director, while Matthew Melon has been hired as an investment manager.
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