Published: Sep 03, 2013
Focus:
Growth Capital
Maven enjoyed a highly successful night at the Scottish Insider Deal and Dealmakers Awards, with Nessco winning Sale of the Year and Managing Partner Bill Nixon being awarded the accolade of Dealmaker of the Year.
More than 650 corporate finance professionals were in attendance at the event, which is widely regarded as the ‘Oscars’ of the deal-making world in Scotland. Maven’s achievement in winning these two awards follows in quick succession to it being announced as Scottish Investor of the Year 2013 by Acquisition International.
Maven's 2012 exit from Nessco was chosen as Sale of the Year, in a category recognising the most successful and impressive sale in 2012/2013. Maven completed the exit from Nessco via a £31m sale to RigNet Inc, a NASDAQ quoted US telecoms business. The sale generated a 3.7x return on the original investment. The business enjoyed exceptional growth following the Maven investment in June 2008, with an increase in annual revenues to over £30m and earnings growing by over 200%.
Maven Managing Partner Bill Nixon was also named Dealmaker of the Year, one of the most prestigious individual awards in the sector, which is awarded to creative and dynamic individuals with a first class track record in completing or enabling transactions. On recognising his achievements, the judges commented that Bill Nixon was “very entrepreneurial” and “an impressive operator”.
Since being established in 2009, following a management buyout of the Private Equity division at Aberdeen Asset Management PLC, Maven has been one of the UK’s most active Private Equity managers, and has invested or committed over £70 million to Scottish businesses over that period.
