UK - New corporate recovery fund launched
NorthEdge Capital, a new corporate recovery fund targeting distressed businesses, has been launched by four financiers, previously partners at HBOS, PwC and Lloyds TSB Development Capital.
The fund, which will focus on the Northern regions in the UK, is seeking institutional and high-net worth investors interested in restructuring and revitalising struggling businesses. In the first year, the new fund will aim to be involved in up to four deals.
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