Maven Capital Partners acquires Newable Ventures

Newable Ventures has been acquired by Maven Capital Partners for an undisclosed fee.

Newable Ventures is part of the Newable Capital Partners and has £12m in assets under management (AuM).

Maven, part of specialist wealth management and asset management business, Mattioli Woods, has stated that the acquisition is expected to allow the firm to expand its activities into direct enterprise investment scheme (EIS) investment.

The private equity firm also said that it will continue to strengthen Newable’s senior management team and broaden its product range.

Furthermore, the acquisition is consistent with Maven’s strategy to achieve further growth in AuM following the acquisition of the firm by Mattioli Woods in 2021.

Managing partner at Maven, Bill Nixon, said: "As part of the continuing evolution and growth of the Maven business we have been keen for some time to add an EIS capability to our client offering. The acquisition of Newable Ventures Limited is an important step forward in completing our objective of providing a full suite of best-in-class client products, which offer access to fast growing private company investments, often on a tax assisted basis.

"The recent announcement in the Government's autumn budget statement that the EIS and venture capital trust schemes will be extended through till at least 2035 ensures that these products will remain at the forefront of financial planning and portfolio diversification for investors. We look forward to welcoming the Newable team to Maven."

Chief executive officer at Newable, Chris Manson, added: "This collaboration with Maven Capital Partners aligns with our vision to empower the UK's small and medium-sized enterprises and start-ups. We are excited about the new opportunities this will bring to our investors and the companies we support."

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