NorthEdge Capital, a Northern England-focused buyout firm, has invested £15 million in Roberts Jackson, a specialist Cheshire-based law firm.
The practice provides legal services in the niche field of occupational disease litigation, acting for claimants who have developed diseases as a result of their employer’s negligence. The award-winning law firm has grown from two to more than 200 employees in five years, according to a NorthEdge statement.
Grant Berry, managing partner at NorthEdge, led the deal along with director Jon Pickering, and investment manager Phil Frame. Berry and Pickering will join the board as non-executive directors, while Frame will attend meetings as an observer.
The deal is the seventh transaction from NorthEdge’s debut fund, which closed at £225million in March 2013. Last month it acquired Utiligroup, a Lancashire-based data management software and services company, for £16.1 million – its first investment of the year.
NorthEdge, which has offices in Manchester and Leeds, was established in 2009 by co-founders Andy Ball, Grant Berry, Dan Wright and Emma Rawlinson. The generalist firm targets investments between £5 million and £35 million in businesses with an enterprise value of between £10 million and £100 million.
For its maiden fund, NorthEdge attracted commitments from global institutional investors, including CNP Assurances, Industriens Pension, MLC Investments, Pathway Capital Partners, West Yorkshire Pension Fund and the European Investment Fund (EIF).