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Incubator/Accelerator
scaleupnortheast.co.uk

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Investments

1

Partners & Customers

2

About Scaleup North East

Scaleup North East works with businesses that can demonstrate both the hunger and potential to achieve high levels of growth.

Scaleup North East Headquarter Location

United Kingdom

+44 01915164400

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Latest Scaleup North East News

Aura Infection Control carries out management buyout

May 7, 2021

Aura Infection Control carries out management buyout as firm plans for future growth The firm supplies hygiene supplies to the dental industry Sign up to FREE email alerts from BusinessLive - North EastInvalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with our Privacy Notice. Thank you for subscribingWe have more newsletters Show me See our privacy notice County Durham dental hygiene firm Aura Infection Control has been sold after undergoing a management buy-out. The Barnard Castle-based company has been sold to Laura Edgar, who has now taken ownership of the business and will continue to work as its managing director going forward. The company is a market leader in dental infection control products and supplies a range of products including surface disinfectant, aspirator and handpiece cleaners, and PPE. Aura Infection Control made a name for itself in 2016 after it was named Company of the Year at the Durham, Sunderland and South Tyneside Business Awards. Ms Edgar carried out the management buyout after she joined the Scaleup North East programme to gain support in how to grow the business over the next three to five years. While working with the Scaleup team, she realised that one of the key barriers to long term growth was the desired retirement of one of the business's shareholders. Ms Edgar said: “With the support of our Scaleup partner we were able to engage with the right services and partners to be able to create an opportunity for the business to move forward.” Read More Jon Symonds worked with Aura as its Scaleup partner during the programme. He said: “When I met Laura, it was evident that the ownership was a critical area that needed addressing for her to progress her ambition. “I always believed the MBO was possible, but I brought in experts, to do the valuation, feasibility and all the legal support; the results gave Laura the confidence it could be done. Laura used her own accountants to raise the funds and other requirements to complete. Aura is primed for scale and with Laura at the helm, there are some exciting plans for the future of this amazing business.” During the MBO Ms Edgar was advised by Newcastle's RG Corporate Finance's head of corporate finance Carl Swansbury, along with partner Nick Johnson, and executive Tom Cosby. Read More Mincoffs Solicitors' corporate partner John Nicholson also advised on the deal and was assisted by solicitor Daniel Bell. Mr Swansbury said: “Aura is a great example of a well-established, privately owned business, which continues to evolve and develop its strategy to meet the requirements of the ever-changing market. The MBO will enable Laura Edgar to take the business forward as MD, along with the support of the existing management team and to scale the business over the coming years." Mr Nicholson added: “It was a pleasure to work with Laura on the buyout. The transaction leaves Aura well placed to move its business forward and I wish Laura and the rest of the management team all the best for the future.”

Scaleup North East Investments

1 Investments

Scaleup North East has made 1 investments. Their latest investment was in Protech Group as part of their Incubator/Accelerator on March 3, 2019.

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Scaleup North East Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/25/2019

Incubator/Accelerator

Protech Group

Yes

1

Date

3/25/2019

Round

Incubator/Accelerator

Company

Protech Group

Amount

New?

Yes

Co-Investors

Sources

1

Scaleup North East Partners & Customers

2 Partners and customers

Scaleup North East has 2 strategic partners and customers. Scaleup North East recently partnered with Apartment Group on September 9, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

9/16/2019

Partner

United Kingdom

Created on Monday, 16th Sep 2019. Scaleup North East partners with Apartment Group to provide an exclusive members club

`` It 's with great excitement we announce the partnership of Apartment Group and Scaleup North East .

3

4/11/2019

Partner

United States

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10

Date

9/16/2019

4/11/2019

Type

Partner

Partner

Business Partner

Country

United Kingdom

United States

News Snippet

Created on Monday, 16th Sep 2019. Scaleup North East partners with Apartment Group to provide an exclusive members club

`` It 's with great excitement we announce the partnership of Apartment Group and Scaleup North East .

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Sources

3

10

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