In 2014 Maven realised its investment in control systems specialist EFC Group, via a secondary buyout to a consortium of investors, achieving a 3.8x multiple return for its client funds. EFC is a niche market leader providing monitoring systems and instrumentation to the oil and gas sector. Headquartered in Aberdeen, its specialist designed and engineered solutions are now used globally by a range of blue-chip clients.
Throughout the 5 year period of its investment Maven worked closely with the management team to accelerate the company’s growth by targeting new international markets, extending the product offering and growing the customer base. These enhancements saw EFC’s turnover more than double and employee numbers grow from 50 to 150 during the period of the Maven investment.
The funding was put to excellent use by investing in research and development, implementing an innovative recruitment policy and developing its people. The sale of EFC Group, which generated a significant return for our shareholders, demonstrates the continuing strong M&A demand in the oil & gas service sector.
Jock Gardiner, Partner at Maven
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