The private equity firm’s research, conducted in partnership with Experian Corpfin, has found that 206 deals involving such business based in the North completed in 2018; almost double the number seen in 2009 and 10 per cent more than in 2017.
The private equity firm’s research, conducted in partnership with Experian Corpfin, has found that 206 deals involving such business based in the North completed in 2018; almost double the number seen in 2009 and 10 per cent more than in 2017.
The overall value of tech investment in 2018 also soared, with the more than £2.3bn completed representing an increase of 77 per cent.
One of the largest deals was the £235m investor buyout of Chorley-based ParkingEye from Capita.
Matthew Jacobs at Livingbridge said: “Last year we saw a rise in investment across the sector, from fintech to computer manufacturing, and it is interesting to see a large number of deals backed by overseas investors, with the US a particularly prominent player.
“With such a degree of agility and world-class entrepreneurship in the North, there is great investor appetite for businesses looking to scale.”
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