In June 2024 Maven completed an exit from GradTouch to London private equity firm, Pelican Capital. The sale of the Manchester based technology platform for graduate employers generated a return of up to 1.7x for Maven client funds.
Maven first invested in the business in December 2017 through NPIF Maven Equity Finance, with the Maven VCTs providing its support in 2019 following the achievement of key commercial milestones.
Over the term of the investment GradTouch evolved from an emerging graduate recruitment website to a leading provider of training enabling services, both in-person and online, including assessment centres for professional recruiters. GradTouch has also continued to offer traditional graduate recruitment services while expanding its client offering. The successful integration of several bolt-on acquisitions as well as further funding rounds of investment through the Maven managed funds helped GradTouch deliver year-on-year growth in revenues and earnings.
We are pleased to have supported the business from its early start-up days to the thriving, profitable enterprise it is today. The team at GradTouch has increased its footprint in the early career development space, and this exit reflects their hard work and vision. We are confident that the company will continue to expand its innovative brand portfolio and reach new heights in this dynamic industry.
Karen de Meza, Portfolio Director at Maven
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