NorthEdge Capital backs Platinum Stairlifts

NorthEdge Capital has invested in stairlift designer and manufacturer Platinum Stairlifts.

Neither financial details nor the size of NorthEdge’s stake were disclosed but the firm typically invests sums in the £5m to £45m (€5.6m to €50.7m) range into growth capital or buyout opportunities.

The investment was made from the firm’s second fund, which closed at £300m in 2016.

Platinum Stairlifts is based in Keighley in the north-east of England. It employs around 100 people and reported turnover of approximately £15.5m for the year to 31 March 2017.

The business designs and manufactures its stairlifts at its UK base, which are then sold in Europe, the Americas, Australasia and a number of countries in other regions through a network of dealers.

NorthEdge was advised by GCA Altium, Squire Patton Boggs, KPMG, Syngroup and Dow Schofield Watts. Platinum Stairlifts was advised by PwC and Progeny Corporate Law. HSBC, advised by Addleshaw Goddard, provided finance to support the deal.

 

SUBSCRIPTION REQUIRED

To view the deal details,  or subscribe.