Published: Feb 08, 2022
Focus: NPIF Maven Equity Finance
Local companies that received investment in 2021 include eSales Hub, a technology business analysing big data using A.I, Blueberry Therapeutics, a drug discovery and development company focused on developing innovative nanomedicines for difficult to treat skin and nail infections, and Membr, a fitness focused management software platform. Maven has also achieved a number of successful exits for NPIF including the sale of disruptive mortgage broker Mojo Mortgages to RVU, part of the Zoopla Property Group owned by the US private equity firm Silverlake.
Appointed by the British Business Bank in February 2017, Maven manages £96 million worth of equity finance after being allocated an additional £15 million to invest in businesses until the end of 2023 for the Northern Powerhouse Investment Fund, working with the Local Enterprise Partnerships (LEPs) and Combined Authorities in the North West.
NPIF Maven Equity Finance can support a variety of businesses across a range of sectors from digital and technology to life sciences, and business and professional services to healthcare. As one of the UK’s most active and well-resourced mid-market private equity firms in the industry, Maven has invested in 65 businesses in total, created 960 new jobs. raised an additional £102 million since the fund’s inception.
The North West is one of the largest regional UK economies and Maven has a long term presence across the region and now has one of the largest investment teams in the area. The local Maven team were also recently named as one of the most active investors for the North West, backing ambitious businesses across several of the regions key growth industries.
“We’re delighted to be able to celebrate the fund’s most successful year to date and it’s a testament to the continued need for this type of finance. 2021 was really busy for our local team across the North West and the additional funding allocation will be instrumental in fueling the growth of more ambitious businesses across the region.”
Ryan Bevington, Investment Partner of Maven Capital Partners
“It’s been a very active year for the Northern Powerhouse Investment Fund and Maven, with many businesses set to get their growth plans back on track. NPIF continues to support the North’s business community helping them seize growth opportunities and deliver a stronger regional economy. This latest success is testament to the effective collaboration between NPIF, its fund managers and the wider network of stakeholders across the North West, as we look to build a stronger north.”
Sean Hutchinson of British Business Bank
If your business is in need of finance to help unlock its growth potential, NPIF Maven Equity Finance may be able to help. Contact Maven’s local team today on 0161 233 3500.