PE firm ready to invest £120m in growing companies across Yorkshire
Foresight Group, the private equity and infrastructure investment manager, says it is ready to invest more than £120m into growing companies across Yorkshire and the North East.
With offices in Leeds and Newcastle, Foresight’s regional team has already invested close to £30m in 2024.
Recent deals include Teesside-based electronics specialist Isocom Components 2004; Scunthorpe headquartered mobility scooter retailer Eden Mobility; and University of Leeds spin-out Cavero Quantum – a quantum cryptography technology company.
Other companies backed by Foresight include Halifax-based facilities management company MSL Property Care Services; Leeds head quartered Roxy Leisure, the socialising chain; and Leeds-based Reward Finance, a fast-growing alternative lender to small and medium sized businesses.
Tavia Sparks, investment director at Foresight Group, said: “Yorkshire and the North East is a brilliantly diverse place for growing companies to thrive. We are seeing opportunities across a variety of sectors – from engineering and clean-tech to medical research and maritime services, to hospitality and leisure.
“With the support of our local investment partners in Yorkshire and the North East, our passionate and experienced teams in Leeds and Newcastle have significant funds to invest across the region to help growing companies create jobs and support their local communities with both economic and societal benefits.
“While we have an encouraging pipeline – as evidenced by the deals we’ve completed so far in 2024 – we are always keen to broaden our network and are excited to meet business owners and their advisers to discuss options.
“We see our investments as a genuine partnership with founders and management teams. Alongside investment, we provide support and guidance, often helping to build out leadership teams and enabling growing companies to recruit valuable skillsets. We also make key introductions and have a large network of experienced non-executives who can help founders and management teams to unlock growth and realise their ambitions by supporting them with advice, mentoring and sought after industry connections.”
