Maven Capital Partners
In July 2019 Maven exited from GEV generating a 2.7x return for investors. GEV comprises of three main divisions which operate across multiple markets and global locations; GEV Wind Power, Subsea Masters and GEV Offshore. The Group’s largest entity, GEV Wind Power, is one of Europe’s leading wind turbine blade inspection and repair specialists. Based in Hull, it has established key relationships with wind farm owners and the World’s leading wind turbine manufacturers.
In 2015 Maven invested £5.4 million to support the MBO of GEV and appointed Ron Smith, a former senior Siemens board member as Chairman of the new Group. During the period of Maven’s investment, GEV also made the strategic decision to enter the US market and have since successfully established a foothold in North America.