Private equity firm invests £26m in Yorkshire companies
NVM Private Equity says it has invested more than £26m to support growing Yorkshire businesses in the last six months.
NVM operates in the lower–mid private equity market, specialising in helping to professionalise and scale regional SMEs.
The business was formed in 1984 and has championed support for UK regional businesses since then.
In the last six months NVM has invested in Easby Group, based in Richmond, a UK franchised distributor and stockist of electronic components and a service provider in the electronics supply chain.
It has also provided funding for YorkTest, based on the outskirts of York, a health and wellbeing company with over 40 years of expertise in food intolerance and allergy testing in the home–to–laboratory test market.
YorkTest employs over 30 people in the region with plans to grow the business and workforce from its current base.
Mauro Biagioni, NVM investment partner, said: “During the last six months we have been exceptionally busy; announcing two new investments into Yorkshire-based businesses.
“Our origins are in the North and we have an extensive network of well–established contacts in the region and beyond.
“This network, allied with a strong track record and strength across the UK, means we are well placed to maximise opportunities and to make further investments into the region.
“After a successful period with us, we have recently promoted Oliver Wilding to the position of investment director. Oliver works across the North adding depth to our established team.”
Martin Green, managing partner, added: “I am proud of the investment team’s performance in supporting great regional businesses.
“NVM was founded in the North of England almost 40 years ago and our commitment to investing in regional businesses remains firm today.
“Both Easby and YorkTest have shown tremendous progress since our deals were announced and I look forward to sharing more announcements as their progress continues.”