NorthEdge takes stake in FPE Global
NorthEdge Capital, the private equity firm focused on backing businesses based in northern England, has completed its maiden deal after investing for a significant majority stake in FPE Global, a high-growth specialist engineering firm with an international customer base.
The deal is the first investment by Manchester and Leeds-based NorthEdge, which has £182m currently under management. The firm’s maiden fund achieved first close in summer 2012.
Stockport-based FPE Global develops bespoke materials-handling processing systems with applications in high-growth end markets including sugar, cement, chemicals and energy from waste.
The transaction will provide the funding to accelerate FPE Global’s expansion through increased focus on sales and marketing alongside investment in infrastructure to support the planned growth.