Maven Capital Partners closes debut MBO funding worth £100m

Maven Capital Partners has closed the final round of the Maven UK Regional Buyout Fund LP.

This has received total commitments (including from co-investment vehicles) of £100m from various investors, including Scottish Enterprise - Scotland’s national economic development agency, family offices, high net-worth syndicates and pension funds.

The Fund targets management buy-out (MBO) opportunities in companies across the UK with an enterprise value of £10m to £40m, aiming to invest between £5m and £15m in each transaction.

The fund has already deployed close to £30m in three transactions, supporting the MBOs of John McGavigan Ltd, UAP Ltd and Acton Banks Ltd, with equity investments of £10.25m, £8.6m and £9.65m respectively.

Andrew Craig, partner at Maven said: “Maven is delighted with the support we’ve received from our LP investors, and it is pleasing to see such a strong appetite for our Fund which addresses the relatively underserved smaller end of the UK market.

“Our investors will benefit from Maven’s nationwide presence and reach, coupled with our in-depth understanding of the scaleup segment of the market and our longterm track record of identifying and investing in high quality businesses and management teams who are capable of delivering significant growth.

“We have already seen good progress with the Fund, with close to £30m already deployed, and a strong pipeline of opportunities currently under review.”

The Buyout Fund is Maven’s first institutional fund, and alongside its existing VCT and other client funds, brings the firm’s total Funds under Management and ready to invest to £630m.

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