UK - Northern Venture Managers has backed the £2.2m management buyout of manufacturer Crabtree of Gateshead.
NVM is putting forward the equity funding with HSBC providing the debt finance.
Northern Venture Managers specialises in making equity investments of between £500,000 and £5m in UK unquoted companies and has the capacity to deliver deals of up to £15m.
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point