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Northedge hires Ultraframe CEO David Moore after hard cap fundraise

19 Jul 2013

David Moore NorthedgeUK-based private equity firm Northedge Capital has hired former Ultraframe chief executive David Moore as chief portfolio office in the wake of raising a £225m fund.

Accountant Moore, pictured, spent 14 years at conservatory systems manufacturer Ultraframe, picking up investment from buyout house 3i and expanding into the US market by buying pre-fabricated glazed structure maker Four Seasons.

He also has “significant” experience acting as a turnaround and business improvement consultant to corporates and private equity firms according to Northedge.

His new role will see him work alongside Northedge’s new business team to monitor its currently three-strong portfolio

AltAssets revealed in April that the lower mid-market firm had hit the £225m hard cap for its maiden fund.

Northedge, which was launched by former executives from Lloyds Bank’s private equity arm, hoped to raise £200m when it launched the vehicle in April 2011 but exceeded that after LPs were persuaded by its expertise in Northern England, managing partner Grant Berry said.

It has made three investments so far in FPE Global, Jigsaw24 and Help-Link.

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