PE firm backs Northern businesses with £41m in 2022

NVM Private Equity says it has invested more money across the North of England this year than in any previous year, with an investment of £41m into three businesses.

The three Northern deals comprise:
Inprova – a leading technology and data enabled procurement services business operating across private, public and third sector organisations.
YorkTest – a leading health and wellness company with over 40 years of expertise in food intolerance and allergy testing in the home-to-laboratory test market
Easby Group – a specialist electronics distributor and service provider operating in the electronics supply chain.

The deals have been led by Andy Leach and Oliver Wildig from NVM’s Manchester office and Mauro Biagioni from NVM’s Newcastle office.

NVM invests into UK based businesses requiring equity investment of between £7.5mand £20m and specialises in helping to scale regional SMEs.

Biagioni, investment partner and COO of NVM, said: “As we approach the end
of 2022, we are delighted to be closing the year out with three new investments from our institutional fund, and one stand-out exit delivering a multiple of 7.4x for our investors. Despite challenging headwinds in the UK environment, our portfolio management teams have responded brilliantly to the challenges in front of them.

“We look forward to partnering with more regional management teams through 2023.”

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