Michael Prince, formerly regional managing partner for law firm DLA Piper and Dan Morton, formerly partner at accountants Lonsdale & Marsh, join the private equity outfit
Liverpool-based private equity and development funder Tower Grange Finance has made two senior non-executive appointments to its board.
Michael Prince, formerly regional managing partner for law firm DLA Piper and Dan Morton, formerly partner at accountants Lonsdale & Marsh, join the board as the company gears up for the opportunities that emerge from lockdown.
“Both Michael and Dan are hugely experienced corporate advisors and deal-makers with an outstanding reputation in regional and national business circles,” said Stephen Sullivan of Tower Grange.
“They bring a depth of knowledge, insight and practical experience that will be invaluable as we scale up the business in response to new opportunities.”
Mr Prince believes that the economy’s emergence from lockdown will present a wide range of investment and lending opportunities as entrepreneurs get back to work. He explained: “Entrepreneurs don’t sit still. They don’t stop working or seeking opportunities just because things have got tougher.
“They look for new angles and new sources of funding and I can bring my experience of guiding ambitious businesses to bear as Tower Grange responds to the growth in demand this is generating.”
Mr Morton says that the firm is well-placed to support the region’s businesses, given the strength of its board’s corporate network. He added: “Collectively, the board combines diverse backgrounds, giving it complementary corporate networks that are feeding through to demand for loans and equity from a wide range of sectors. The activity levels we are seeing now augur well for the UK economy.”
Tower Grange provides equity and debt finance to property developers and the wider corporate market. Recent deals include equity funding for industrial energy provider OnSite Energy and technology security provider Spriteguard.