Published: Feb 09, 2012
Focus:
Growth Capital
The recently published Deloitte Buyout Track 100 league table, which ranks Britain’s fastest growing mid-market private equity backed businesses over the past two financial years, features four companies backed by Maven Capital Partners (Maven).
The strong showing by Adler and Allan, Elite Insurance, Homelux Nenplas and Westway Services, means Maven is one of the best-represented private equity houses on this year’s table and demonstrates our ability to source high growth businesses across a wide range of industries and build an attractive multi sector investee portfolio.
Westway Services is a leading building services contractor with a blue chip client base that includes Fitness First and Pringle. The company, which focuses on heating, ventilation and air-conditioning systems, has seen its annual profits grow by almost 40% over the past two years.
Homelux Nenplas supplies plastic mouldings products for a variety of retail and manufacturing applications and has also seen its profits increase significantly since 2009. The company is the UK’s largest supplier of bathroom and kitchen tile trims and associated products to the retail DIY sector and has developed extensive markets in North America and mainland Europe.
Industrial services provider Adler and Allan has seen its profits grow by 33% over the past two years. The Harrogate based firm provides specialist services to a range of blue chip clients including BP, Shell and J Sainsbury, and is particularly noted for its skills in emergency spill response situations, having been heavily involved in the clean-up exercise in the aftermath of the Buncefield explosion in December 2005.
Maven led the public-to-private acquisition of LitComp plc, whose main subsidiary is Elite Insurance, in early 2010. Since then the business has achieved growth in earnings of almost 25% by expanding into new markets, including general insurance, and offering specialised products such as warranty cover.
Bill Nixon, Managing Partner at Maven said, “The presence of four of our investee companies in the Buyout Track 100 is a validation of our investment strategy and regional office model, which allows us to develop close relationships with local advisers and get access to high volumes of quality deal flow throughout the UK. We are delighted that these portfolio companies have achieved this recognition, each of them has talented people who have demonstrated the ability to innovate and improve earnings despite difficult economic conditions.”
