Leeds chosen as Dutch private equity firm's UK headquarters

Dutch investor, Nimbus has chosen Leeds as its UK headquarters as it plans to expand by supporting businesses across the Northern Powerhouse.

The operation will be led by veteran investor Chris Clegg, a former partner at Endless, who will chair the UK firm.

Nimbus is a hands-on investor focusing on non-core carve-outs and companies requiring operational and strategic enhancement.

The company has grown a reputation in Europe by investing in industrial companies with a substantial and evident potential for growth with an annual turnover from £10m up to £500m.

Nimbus will be based in the prestigious One Park Row office development that is setting a new bar in Leeds for connectivity and a professional working environment.

Chris Clegg, chair of Nimbus in the UK, said: “Leeds is the perfect hub for our UK operations with thriving financial and professional services sectors.

“We have ambitious growth plans that will see Nimbus become very active in the dealmaking community over the coming months.

“The Northern Powerhouse has the building blocks in place to deliver significant growth. We hope that both our investment and expertise can help companies become UK and global leaders.”

Workspace provider Gilbanks undertook a multi-million pound refurbishment of One Park Row to create a working environment and service that was akin to a boutique hotel.

Gibanks operates multi-sites across the North.

Alex Duckett, managing director of Gilbanks, added: “We aimed to create a world class working environment with One Park Row.

“It seems the approach is working as we have attracted global leaders from the accountancy sector, fintech, finance and corporate advisory services.

“Businesses are increasingly looking for premium levels of service to ensure they have the best environment possible to support their growth and attract and retain talent.”

Gilbanks operates two floors and can accommodate companies of all sizes. Other tenants within the building are Pinsent Masons, Rothchild and Barclays.