YFM Equity Partners has sold its stake in Mangar Health Limited for an undisclosed sum to Winncare Group Ltd, a leading French medical device company, delivering a 2.7x return to investors. 

Mangar Health designs, manufactures and supplies inflatable bathing and lifting devices, which protect carers from injury and promote independence for people with limited mobility. With a global reach into America, Canada and Australia, Mangar Health also offers a wide international distribution network and additional opportunities in healthcare markets such as emergency services.  The Company is led by CEO Simon Claridge and his team of Finance and Operations Director Craig Butcher, Commercial Director Andrew Macphail and Marketing Director Clare Birt.

Maven Capital Partners has further expanded its investment team with the appointment of Gareth Price. Joining as an investment director, Gareth is responsible for sourcing VCT opportunities, investments for Maven’s MBO fund, and its private equity co-investor partner network in the South West, as well as managing portfolio investments in the region.

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.

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.

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.

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.  

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.

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.

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.  

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.

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).

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.