Macfarlanes and Pinsent Masons advised Northern Gritstone on the deal.
Northern Gritstone, a new investment business focused on university spinouts in the north of England, raised £215m through an initial fundraising.
Northern Gritstone was founded by the Universities of Leeds, Manchester and Sheffield to support the commercialisation of science and IP-rich businesses emerging from the institutions.
The firm has received funding commitments from a diverse base of investors including pension funds, high-net-worth individuals, institutional investors and other investors active in the tech and science ecosystem of the region. Its investment activity will focus on fast-growing sectors such as advanced materials, health technology, cognitive computation and Al.
The Macfarlanes team was led by investment management partner Chris Daniel (Picture) alongside partner Christopher Good and associate Harry Middleton. Share scheme advice was provided by partner Ras Berglund and associate Saba Palizi.
A team at Pinsent Masons was led by universities partner Gayle Ditchburn and corporate partners Julian Stanier and Sunjay Malhotra.
Involved fees earner: Rasmus Berglund – Macfarlanes LLP; Chris Daniel – Macfarlanes LLP; Christopher Good – Macfarlanes LLP; Harry Middleton – Macfarlanes LLP; Saba Palizi – Macfarlanes LLP; Gayle Ditchburn – Pinsent Masons; Sunjay Malhotra – Pinsent Masons; Julian Stanier – Pinsent Masons;
Clients: Northern Gritstone;