PE-backed software firm strikes deal

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North East Wednesday 6 January 2021 Send a Story Subscribe Membership Advertise Contact Latest News Top Story PE-backed software firm strikes deal A private equity-backed transport management software provider headquartered in Newcastle has made an acquisition, creating a group with a 120-strong team and 2,000 customers. Read More… Insider Feature Ask the expert: Could your business qualify for financial support to help find Covid-19 solutions? Alan Welby, director of innovation at the North East LEP, says through a new open innovation programme called Challenge North East, the North East Local Enterprise Partnership (LEP) is offering financial support to SMEs who can help find solutions to two specific Covid-19-related problems. Read More… Deals Sage leads digital platform funding round Newcastle-headquartered Sage has led a multimillion-pound funding round in digital operations platform Brightpearl, which works with online retailers. Read More… NE advisers lead road surfacing deal North East advisers have worked on the sale of a road surfacing and highway maintenance contractor. Read More… Acquisition of Rubik’s Cube owner completes The acquisition of the owner of the iconic Rubik's Cube toy by global children's entertainment company Spin Master has completed. Read More… Business Extra support called for despite additional lockdown funding Calls have been made for further support after an additional £4.6bn of UK Government funding was made available for businesses during the new lockdown. Read More… Greggs ‘optimistic about prospects’ Greggs has said it is "optimistic" about its prospects post-pandemic after reporting a fall in revenue. Read More… Paperchase on the brink of administration Stationery and greetings card retailer Paperchase is on the brink of entering administration after Covid-19 restrictions put "unbearable strain on the business". Read More… Odyssey invests in cyber security platform Tees Valley-based Odyssey Systems has completed a £1m investment in new technology to help businesses protect data from cyberattacks. Read More… Teesside recycling prowess set for 2021 boost Work on Teesside that could lead to billions more items of plastic waste being recycled will take a step forward in 2021. Read More… Property Developers offer road and transport boost Developers behind a 253-home scheme in Ponteland are contributing £700,000 towards the improvement of local roads and transport as part of a section 106 agreement. Read More… Manufacturing Manufacturer creates 100 jobs to support PPE contract A food packaging maker has created 100 jobs and invested more than £2m in machinery after being awarded a contract to manufacture personal protective equipment (PPE) for frontline NHS staff and social care workers. Read More… Losses widened at food group ahead of acquisition Pre-tax losses widened at savoury pastry producer Addo Food Group in the year before it was acquired by a new private equity backer. Read More… Profits nudge up at WD-40’s European arm Pre-tax profits have edged up at the UK-based European arm of specialist lubricants brand WD-40 Company. Read More… Other News UK-wide Top Decision Makers - contact thousands of senior decision makers by email Services & Guides Corporate Finance Directory Find an adviser to help you buy, sell or invest in a business. Read More… Best Places to Meet The region's top places to hold events, conferences and meetings. Read More… Send a Story Subscribe Membership Advertise Contact

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