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10th December 2018

Maven and SIB exit investment in Incremental delivering a 4.1x return

Maven Capital Partners and the Scottish Investment Bank have exited from Incremental Group Holdings Limited, delivering a 4.1x return for investors. This transaction is the second highly profitable exit for Maven investors in a week, following the sale of global telecom services provider Indigo-Belcom, which also delivered a return of more than four times the original investment.

Incremental is a market leading digital technology services business, employing 125 people across five sites in Glasgow, London, Manchester, Inverurie and Northwich. Incremental helps clients achieve digital transformation across core business applications, moving to the cloud and leveraging data and AI.

10th December 2018

Maven & YFM exit Indigo Telecom Group

Maven Capital Partners and YFM Equity Partners have exited their investment in Indigo Telecom Group, to Growth Capital Partners, generating a return of 4.2x original cost to their respective funds. 

Maven led the management buyout of Indigo Telecom in 2016 and during the term of its investment supported the business with the strategic acquisition of Belcom247 in September 2017, together forming the enlarged Indigo-Belcom Group. Following the successful acquisition, revenues increased from £12 million to a forecast of over £30 million in the current year, with underlying profits increasing from £1.3 million to over £4 million.

 

South Wales based Indigo Telecom designs, installs and maintains telecom networks across the globe, enabling its clients to deliver fixed line, broadband, mobile and other data services to a wide variety of corporate, enterprise and consumer end users.

5th December 2018

NVM adds four to investment team

NVM Private Equity has strengthened its  investment team with the recruitment of Sam Sinclair, Ishaan Chilkoti, Charlotte Clarke and Carmine Circelli.  NVM is building a dedicated and focused VCT team to develop the business in a changed environment by bringing in people with experience in new, fast-emerging technology, finance and life science sectors.

Sam joins NVM as Talent Director and has over 10 years’ experience in executive search, assessment and advisory experience in the technology markets. NVM believes that access to the right people and expertise can make all the difference when it comes to scaling a business and Sam’s primary remit will be to build, develop and evolve NVM’s network of board directors and advisors whilst working closely with NVM’s portfolio businesses.

29th November 2018

NVM closes Private Equity Vintage III

 

NVM Private Equity has announced that it has raised £142 million for its debut Institutional Fund. NVM Private Equity Vintage III has received commitments from a diverse set of high quality investors across Europe and North America.  

 

29th November 2018

UK's largest VCT reaches halfway fundraising milestone of £60m

 

Octopus Investments, part of Octopus Group and the largest provider of venture capital trusts (‘VCTs’) in the UK, has announced that it has reached its half-way milestone (£60 million) in under two months for its Octopus Titan VCT.  This is the fastest that Titan has raised this sum, with rising numbers of online applications helping to drive this trend.

 

23rd November 2018

Calculus Capital launches zero initial fee VCT offer

Award-winning Enterprise Investment Scheme and Venture Capital Trust specialist Calculus Capital is to waive initial fees on its new VCT until the end of the year, making it one of the most attractive in the current marketplace. Most providers charge “promoter fees” of between 3% and 5% – Calculus will waive this fee if a subscription is made before the end of the year.

22nd November 2018

The Robots are coming!

Experience and interact with the latest developments in robotics technology at this year's VCT & EIS Investor Forum on the 30th November in London.  At our 'Invested Investor EXPO' at the Forum we will be showcasing six companies, backed by specialists robotics investors Britbots, who are at the forefront of the UKs robotics sector.  

19th November 2018

Rethinking Venture Capital: A new perspective

By Belinda Thomas, Triple Point

Making the journey from start-up to scale up can be one of the most precarious and unpredictable times in the life of any firm.  Causes of failure are plenty, but research indicates there are three major factors that account for forty percent of early-stage business failures.

8th November 2018

Maven strengthens senior management team

Maven Capital Partners has promoted five senior staff to partnership positions. The strengthening of its partnership base reflects Maven’s continued growth and the wider range of investment opportunities it now offers. The newly promoted partners are Colin Anderson (Property), Suzanne Lupton (Co-investment), Ewan McKinnon (Private Equity), David Milroy (Private Equity) and Andrew Whiteley (Property).

6th November 2018

Foresight makes £2.5m investment into software provider Cimteq

 

Foresight Group has invested £2.5 million to support the growth of North Wales-based software provider Cimteq Limited.

This is the thirteenth investment by the £58 million Foresight Regional Investment Fund (“FRIF”), focused on North Wales and the North West of England. Since December 2015 the Fund, backed by local institutional investors including the Clwyd Pension Fund, has supported the creation of 260 new jobs across the investment area. Cimteq marks the Fund’s first investment into the thriving North Wales SME community, supporting growth in the region.

Located in Wrexham, Cimteq specialises in the development, supply and support of modular software solutions for the wire & cable manufacturing industry. The Company currently offers two main software products to wire & cable manufacturers; CableBuilder, a software solution aiding the design of cables, and CableMES, a full manufacturing execution system.

6th November 2018

Albion Capital to raise £36 million for the Albion VCTs

Albion Capital, the leading independent investment manager, is intending to raise up to £36 million through a launch in early January 2019 of its top up offers for its six venture capital trusts (Albion VCTs).

The fundraising is expected to target £6 million for each of the six Albion VCTs: Albion Venture Capital Trust PLC, Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC.

24th October 2018

Maven Capital Partners completes investment in Acton Banks

Maven Capital Partners has led the management buyout of Acton Banks Limited, a market leading UK healthcare staffing business. The transaction is Maven’s third investment from its buyout fund, having earlier this year led an investment in Manchester-based hardware designer and supplier UAP Limited and Glasgow-based John McGavigan Limited, a leader in decorative technology used in the automotive sector.

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