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North East
Wednesday 26 May 2021

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Maven and Ludlow Wealth to be acquired by listed firm

Maven Capital Partners UK, a private equity investor and alternative asset manager which operates from ten offices across the UK, is to be acquired by Mattioli Woods in a deal worth up to £100m. Mattioli Woods has also struck a deal of up to £43.5m to acquire Ludlow Wealth Management, a provider of investment, financial planning and pension advice in the North West of England.
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Insider Feature
Feature 1

Ask the expert: Planning Covid-safe weddings and events in a heritage venue

Nicky Sherman from The Common Room of the Great North, offers her advice on how to plan a Covid-safe wedding and event.
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Deals

LSL disposes of conveyancing firm

LSL has sold its stake in a conveyancing specialist in a deal worth £12m.
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Funding to help hot tub firm meet soaring demand

Santander UK has provided Newcastle-based hot tub retailer Wave Direct with six-figure funding to support its growth plans.
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NPIF and MEIF invest £50m to support low carbon innovations

The British Business Bank’s regional funds – the Northern Powerhouse Investment Fund (NPIF) and the Midlands Engine Investment Fund (MEIF) – have enabled more than £50m of investment into small businesses to reduce their carbon footprint.
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PE-backed northern firms enjoy record period

The number of acquisitions made by private equity-backed businesses in the North hit record levels in the first quarter of 2021, according to new data, with 25 transactions completed across the three months.
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Furniture and homeware retailer sets out IPO plans

Designer furniture and homeware retailer MADE.com has set out plans for an initial public offering that could raise proceeds of £100m.
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Business

North East expansion for business finance firm

An independent business finance firm has expanded into the North East market after making a strategic senior appointment.
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New chairman for Energi Coast

Energi Coast – the North East's offshore wind supply chain cluster – has named its new chairman.
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Revenue tops £200m at Mazars

International tax, audit and advisory firm Mazars has reported revenue of more than £200m for the first time.
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NewcastleGateshead Initiative launches new campaign

NewcastleGateshead Initiative, a public and private partnership that works to attract investment and tourism into the area, has launched a new campaign to promote domestic breaks in the city.
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Property

Flooring Superstore opens seven stores in three weeks

Retailer Flooring Superstore has opened seven new outlets in three weeks.
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Tees Valley property available for occupiers

An eye-catching office building in the Tees Valley has been made available for new occupiers.
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‘Important year’ for Warehouse REIT

Warehouse REIT, which has assets across the UK, has been buoyed by an "important year" in its development
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Manufacturing

Online sales surge for Durham manufacturer

A Durham metalwork and fabrication company has reported a 900 per cent increase in its online sales during the last financial year.
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