Northstar Exits Oak Engage
Deal News | Jun 20, 2025 | Northstar Ventures
Northstar Ventures has successfully exited its investment in Oak Engage, an intranet software company known for its employee engagement app. The company was acquired by private equity firm NorthEdge for an undisclosed sum. Northstar Ventures initially backed Oak Engage using the North East Innovation Fund, and further supported the business as it grew. Oak Engage has attracted a robust client base that includes notable names such as NatWest and Burger King UK. The acquisition highlights the thriving technology sector in North East England, which offers ample investment opportunities. Ian Richards, director at Northstar Ventures, commented on the collaborative effort between investors and Oak Engage's team, expressing satisfaction with the growth and successful exit of the company.
Sectors
- Technology
- Private Equity and Venture Capital
- Software Development
Geography
- United Kingdom – The referenced companies, Oak Engage and the clients it services, such as NatWest and Burger King UK, are based in the United Kingdom.
- North East England – The article mentions the dynamic technology scene in North East England, where Oak Engage is part of a high-growth business environment.
Industry
- Technology – Oak Engage operates in the technology sector, specifically in developing intranet software solutions for employee engagement, making it a fit for the industry.
- Private Equity and Venture Capital – This sector is involved given the transaction between Northstar Ventures and NorthEdge regarding Oak Engage.
- Software Development – Given Oak Engage's focus on developing an intranet software application, it is classified within the software development industry.
Financials
- Undisclosed – The acquisition price for Oak Engage by NorthEdge has not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Northstar Ventures | Selling Company | Company | A venture capital firm that initially backed and invested in Oak Engage. |
| Oak Engage | Target Company | Company | The company develops intranet software solutions for enhancing employee engagement and is part of Northstar Ventures' portfolio. |
| NorthEdge | Bidding Company | Company | A private equity firm that acquired Oak Engage from Northstar Ventures. |
| Ian Richards | Person | Person | Director at Northstar Ventures, who commented on the acquisition of Oak Engage. |