Martin Clark, James Darlington and Jeremy Thompson have joined Maven Capital Partners. They will be investment managers and responsible for transacting new NPIF equity investments. Nikola Clarke, who also joined, will provide portfolio support to NPIF investee businesses.
Maven Capital Partners (“Maven”), one of the UK’s most active private equity houses, is pleased to announce the appointment of three new Investment Managers and a dedicated portfolio administrator to its North West investment team, in support of NPIF Maven Equity Finance, which has a North West focus and is managed by Maven for the Northern Powerhouse Investment Fund (NPIF).
Martin Clark, James Darlington and Jeremy Thompson will be responsible for transacting new NPIF equity investments, whilst Nikola Clarke will provide portfolio support to NPIF investee businesses. These appointments will supplement Maven’s established, highly experienced Northern England investment team, which has been completing SME transactions across the North for almost 20 years. With Maven also having recently announced the opening of an office in Preston, these new appointments further strengthen the team investing in SMEs across the North of England and Maven’s ability to work closely with businesses to achieve their growth plans.
Martin Clark – Investment Manager
Martin has joined from Manchester Growth Company, where he worked as an Access to Finance Specialist, and also has extensive experience in the banking and asset based lending sectors. His appointment will strengthen Maven’s presence across the Greater Manchester and Lancashire areas.
Jeremy Thompson – Investment Manager
Jeremy comes to Maven from global integrated law firm Squire Patton Boggs where he was a corporate lawyer in a senior corporate finance role. He has broad transactional experience including private equity, M&A, IPOs, acquisitions and disposals across a range of sectors, and his appointment will enhance Maven’s presence across the North West in support of NPIF.
James Darlington – Investment Manager
James has joined Maven from EY Manchester, where since 2014 he has been a senior corporate finance executive working on the Capital and Debt Advisory team, responsible for helping businesses with investment readiness and fundraising. James will bolster Maven’s experienced northern investment team in supporting client funds.
Nikola Clarke – Portfolio Administrator
Nikola has joined Maven from Enterprise Ventures, where from 2011 she worked closely with the investment team to provide administrative support and deliver fund objectives for the North West Fund for Venture Capital and the North West Fund for Mezzanine. She has extensive experience of working with SMEs, and in the financial and fund management sectors
Northern Powerhouse Investment Fund
In February 2017 the British Business Bank (BBB) announced the opening of the Northern Powerhouse Investment Fund (NPIF) focused on the Northern Local Enterprise Partnerships (LEPs). NPIF is intended to support businesses with an operational trading base in the North, providing funding of between £50,000 and £2 million to each SME, and investing across a range of sectors.
Maven was appointed to manage the £57.5m NPIF Maven Equity Finance which will invest in high-potential businesses across the North, primarily across Lancashire, Greater Manchester, Liverpool City
Region, Cumbria and Cheshire & Warrington, but also able to invest in Yorkshire & Humber and Tees Valley (Maven will be working in partnership with MSIF which will be delivering the funding for businesses based in the Liverpool City Region).
Ryan Bevington, Fund Manager for NPIF Maven Equity Finance, said: “We are very pleased to welcome Martin, Jeremy, James and Nikola to the Maven team. They will each bring valuable experience in managing high-quality SME investments across the North of England, enhancing a highly-resourced investment team and adding to the wide range of sector specialisms already established within the team.
Maven has a strong record of providing financial backing to dynamic British businesses, as well as providing proactive, strategic support to help them achieve their business plans. These appointments will help the team to identify the most exciting investment opportunities across the region and provide comprehensive portfolio support in the delivery of the NPIF.”
The project is supported financially by the European Union. Attracting investment from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.