Member Article

Law firm Irwin Mitchell partners with Yorkshire business angels organisation

Law firm Irwin Mitchell has announced a new partnership arrangement with Envestors Limited’s northern office, a specialist corporate finance house for high growth entrepreneurial businesses.

The leading law firm has become a corporate specialist partner for Envestors’ North which incorporated Yorkshire Association of Business Angels (YABA) into the business last year.

The organisation, Envestors North (YABA), provides an introduction service for private equity investors, entrepreneurs and companies seeking finance, typically providing investment of between £300k to £1 million for younger companies and up to £10 million for more established businesses.

As part of the partnership arrangement, Irwin Mitchell will host, attend and help facilitate Envestors’ monthly investment briefings on securing equity investment.

These interactive sessions provide an opportunity for businesses from across the region to pitch their business, whilst receiving specialist advice in relation to key issues including important legal considerations.

The best companies are then selected to present their opportunity to a growing network of over 70 angel investors. The members have a total of c.£19 million of risk capital to invest in sums ranging from £10k to 250k as individuals, however they often form syndicates to share risk and experience.

Andrea Cropley, partner and head of corporate in the North at Irwin Mitchell, said: “Envestors and YABA have rich histories for supporting fast-growing businesses and together the new combined organisation in the North provides an extremely valuable one-stop-shop for both entrepreneurs and investors.

“Irwin Mitchell is already active in this area and this partnership will enable the firm to become directly involved, not just as a sponsor, but as an organisation that can provide advice to investors and fast-growing businesses at a critical point of their development.”

Barbara Greaves, manager at Envestors North (YABA) said: Our corporate specialist partners are chosen for their support and active involvement in the entrepreneur and investor markets and we are delighted to be working closely with Irwin Mitchell.“

This was posted in Bdaily's Members' News section by Clare Burnett .