MSIF announce the appointment of John O’Brien as Non-Executive Chairman of MSIF, with effect from 20th November onwards. John succeeds Andy Rigby who retired from the board on the same date.
He brings a breadth of experience with an extensive track record behind him. As a partner at KPMG John led radical change, reshaping his business areas by merger, acquisition and significant recruitment.
The Bodyline Clinic, a group of medically led weight management clinics across the North West, has been acquired by Sally Ann Turner with the support of a combined equity and mezzanine loan facility from MSIF.
The Bodyline Clinic has been trading for over 12 years, with a head office in Wilmslow and numerous other practicing clinics including Crosby, Birkenhead, Stockport and Warrington.
Lifelong friends Gavin Williams and James Kennedy have opened a new Gin bar, Allotment Birkdale, with assistance from MSIF.
The friends realised their ambition of setting up a bar together when they opened Allotment in the Northern Quarter of Manchester in Summer 2014.
The Northern Quarter bar quickly became a go-to award winning venue and the pair have been looking for opportunities to grow their business ever since, and were particularly interested in finding a suitable location in Merseyside.
Liverpool-based IQBlade, a competitive intelligence and market insight platform for B2B companies, has gained £325,000 of equity funding from the NPIF – Maven Equity Finance.
The fund is delivered by MSIF working with Maven Capital Partners in the Liverpool City Region.
IQBlade is a game changing web platform that delivers competitive insight to accelerate business growth.
Jade Solutions, a Newton-le-Willows based company whose growth has been supported to date by MSIF, has recently been acquired by European IT group Econocom for an undisclosed sum.
Jade Solutions offers a comprehensive selection of products and services in the mobile technology and Wi-Fi spaces. The company has particular expertise in rugged mobile technology such as handheld and vehicle-mounted computers, and also designs and installs wireless networks and guest Wi-Fi systems.
The British Business Bank, the UK’s national economic development bank, has announced a new £15m fund in partnership with MSIF, the Liverpool based loan and equity provider. The fund is available to help SMEs looking to grow as part of the Bank’s ‘Help to Grow’ programme.
The £15m North West Business Growth Fund is the first investment fund under the Bank’s Help to Grow programme, and will support established businesses who are seeking development capital.
Charlton Recruitment, created by Nicola Cookson in 2014, is a recruitment company in the heart of Liverpool, providing staffing solutions to the UK catering and hospitality industry.
Nicola manages Charlton Recruitment with Andrew Cain, who joined the business in early 2015 to support the development of the business.
The business has been active for over 2 years, providing staff to events and clients across the UK including Chester Racecourse, The Open Golf and most recently Leeds Festival.
MSIF has recently provided Liverpool based business, Alphasonics, with a £75k loan, allowing them to expand their global market position by establishing a second base in Virginia, USA.
The £75k loan comes from the NPIF – BFS & MSIF Microfinance Fund, part of the Northern Powerhouse Investment Fund. Alphasonics is a premier supplier of Ultrasonic cleaning systems. The business was created in 1993, by Managing Director David Jones.
MSIF have committed the full £5 million pounds of their High Growth Business Investment Programme.
The programme which was launched in 2015 saw MSIF investing £75k - £1m to businesses, through grants of up to 20% of the overall project costs, to help businesses wishing to expand or relocate in the Liverpool City Region, with the aim of creating and preserving jobs in the area.