maven portfolio brochure october 2013

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Creating Value INVESTEE COMPANY PORTFOLIO

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Page 1: Maven portfolio brochure October 2013

Creating Value

InVesteeCompany

portfolIo

Page 2: Maven portfolio brochure October 2013

Maven is an active investor in the SME and lower mid market, with a primary focus on funding MBOs, acquisitions, buy-and-build projects and business expansion. We look to partner with businesses which each have a best-in-class management team, established revenues and a differentiated and competitive proposition. By providing financial, strategic and operational support to these entrepreneurial companies, Maven helps them to execute their business plans and exploit market opportunities. The key objective is to support the business and growth plans of each portfolio company in order to add value and optimise performance.

Page 3: Maven portfolio brochure October 2013

Creating Value

adler and allan Holdings

attraction World Holdings

Camwatch

Cash Bases Group

Cat tech International

CHs engineering services

Dantec Hose

Dpp

ele advanced technologies

electro-flow Controls

elite Insurance

espresso Group

esure Group Holdings

flexlife Group

Glacier energy services

HCs Control systems

Higher nature

House of Dorchester

John mcGavigan

lab m Holdings

lambert Contracts

llanllyr Water Company

martel Instruments Holdings

ms Industrial services

nenplas

networks by Wireless

six Degrees Group

steri-bottle

tC Communications Holdings

training for travel Group

Vodat International

Westway services

XpD8 solutions

Booth Welsh automation

Calnex solutions

Cst Global

Deep Casing tools

the Deritend Group

Gas & oil technology

Greenbelt Group

fletcher shipping

merson signs

mono Consultants

pentagon Chemicals (Holdings)

plethora solutions Holdings plC

prismtech Group

roVop

VisionWare

Mezzanine Finance

Private Equity

Page 4: Maven portfolio brochure October 2013

prIVateeQUIty

Page 5: Maven portfolio brochure October 2013

adler and allan Holdings

adler and allan is a leading environmental services business, specialising in the handling, transport, clean-up and disposal of oil based waste. the business is particularly noted for its skills in emergency spill response situations, having been heavily involved in the clean-up exercise in the aftermath of the Buncefield explosion in December 2005. Its other main services include industrial water setting and cleansing, fuel and tank installation, waste management, and separator and interceptor services.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

June 2007

Industrial services – Chemicals

£25m

297

Barking

london

Page 6: Maven portfolio brochure October 2013

Creating Value

attraction World Holdings

attraction World is a Birmingham-based provider of ticketing solutions to the worldwide travel sector. the business was founded in 1996, and was an early innovator in developing web-based B2B sales channels for the travel industry.

attraction World’s key customers are UK travel organisations such as thomson, thomas Cook, Co-op travel and first Choice, as well as having strong relationships with leading global theme parks, such as portaventura in spain and Disney, Universal studios, seaWorld and Busch Gardens in the Usa.

attraction World provides travel agents with integrated access to the ticketing systems of major global attractions and theme parks, allowing them to sell tickets as part of the booking process and improve their customer offering and create cross-selling opportunities.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

December 2010

leisure

£7m

34

Birmingham

Birmingham

Page 7: Maven portfolio brochure October 2013

Camwatch

Camwatch is one of the UK’s fastest growing and most innovative CCtV security companies, providing remote monitoring technology and security services to the construction and utilities sectors. Its in-house remote video monitoring centre deters theft using features such as live voice challenges, and provides a robust site security solution at half the cost of manned guarding operations.

Where traditional fixed CCTV technology is ineffective at protecting constantly evolving locations such as construction sites, the versatile rapid Deployment tower is ideal for protecting equipment and inventories, using heat and movement sensors to detect intruders and transmit live video footage to the Camwatch control hub.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development Capital

march 2007

support services

£6.8m

77

Sheffield

manchester

Page 8: Maven portfolio brochure October 2013

Creating Value

Cash Bases Group

Cash Bases designs and manufactures till bases and cash management systems that aim to optimise efficiency in any cash handling operation. the business provides bespoke solutions to targeted customers within the retail, banking and hospitality sectors, making cash handling at the point of sale more secure, ergonomic and efficient.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

september 2004

manufacturing

£9m

206

east sussex

london

Page 9: Maven portfolio brochure October 2013

Cat tech International

Cat tech provides niche industrial services to oil refineries and petrochemical plants across the major international markets, and operates from offices in UK, Bulgaria, Sweden, China, singapore and thailand. the business has an excellent reputation as an innovator, having developed a range of proprietary products for servicing essential equipment containing chemical reaction catalysts and improving catalyst handling operations.

Cat tech operates in a sector where the ability to maintain operational efficiency is critical and there is an increasing focus on health and safety issues, and only a limited number of specialist operators world-wide that have the skilled personnel and equipment to undertake catalyst handling projects. the company has a number of major contracts with blue chip clients such as Bp, exxonmobil, shell and statoil.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

march 2012

energy services

not disclosed

46

scunthorpe

london

Page 10: Maven portfolio brochure October 2013

Creating Value

CHs engineering services

CHs provides specialist consultancy services for the condition monitoring and protection of mission critical electrical and mechanical assets, particularly baggage handling systems. CHs works predominantly in the airport sector, but is also developing operations in the distribution and materials handling sectors. Clients include airport terminal operators such as Heathrow, Gatwick, stansted and international airports in singapore and sydney.

Using its proprietary web-based foundations system, CHS introduces management efficiencies for clients’ assets by forging a link from supply chain to maintenance and operation departments. the business aims to reduce failure rates and minimise the downtime of assets and costs of maintenance and spares, whilst increasing the operating lifecycle of systems.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

replacement Capital

December 2010

support services

£2m

42

essex

Birmingham

Page 11: Maven portfolio brochure October 2013

Dantec Hose

Dantec Hose is one of the leading manufacturers of composite hoses for the global petrochemical industry, and is renowned for product quality, service, technical excellence and innovation. Dantec’s composite hoses provide the vital flexible connection in many fluid transfer systems, and are used worldwide across petrochemical, marine and industrial sectors.

manufacturing quality and safety standards are vital in these sectors, with customers requiring a flexible product and a wide range of chemical resistance. Dantec produces all of its hoses at its own manufacturing facility in merseyside and was the first composite hose manufacturer to achieve Iso 9000 status. the Company has an established distribution model, with substantial export sales to territories including australia, India, south africa and Japan.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

september 2011

specialist manufacturing

not disclosed

50

Wirral

manchester

Page 12: Maven portfolio brochure October 2013

Creating Value

Dpp

Dpp is one of the UK’s leading privately owned commercial maintenance contractors. the business provides mechanical and electrical maintenance, on both a planned and reactive basis, to operators of public houses and restaurants as well as to the retail sectors.

founded in 1985, Dpp delivers a comprehensive support service, including major projects such as full system refurbishments and rebranding. the market for maintenance services has seen large scale operators of pubs and restaurants increasingly recognise the benefits of consolidating their supplier bases, and Dpp has been able to differentiate its proposition by offering a total services solution to its customers. as a ‘one-stop-shop’ the business can achieve cost and service efficiencies for its clients.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

replacement Capital

march 2013

support services

not disclosed

220

southampton

Birmingham

Page 13: Maven portfolio brochure October 2013

ele advanced technologies

ele is a leading manufacturer of precision engineering components for the industrial gas turbine, aerospace, defence and automotive markets. the business, which is based in Colne, lancashire and operates a lower cost manufacturing facility in slovakia, specialises in non-conventional machining for both aero and land based gas turbines.

ele is one of only a handful of companies around the globe that can perform the stem drilling operations used to cut cooling holes in hot end turbine blades, and other specialist manufacturing capabilities include electrical discharge machining (eDm), laser drilling, capillary drilling and creep feed grinding.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

may 2000

engineering & manufacturing

£5m

182

Colne

manchester

Page 14: Maven portfolio brochure October 2013

Creating Value

electro-flow Controls

electro-flow Controls was established in 1988 and is a provider of integrated mechanical and electrical solutions to the global offshore rig newbuild and upgrade market, operating from bases in aberdeen, singapore and Houston.

electro-flow is a niche market leader providing monitoring systems and instrumentation to customers, along with a specialist engineering capability focused on the mechanical handling and drilling equipment requirements of the offshore market. the business has developed an integrated suite of products and services for an expanding global customer base.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

BImBo

December 2009

energy services

£10m

134

aberdeen

aberdeen

Page 15: Maven portfolio brochure October 2013

elite Insurance

Elite Insurance is a national supplier of financial and legal insurance products and litigation services. elite provides after the event insurance through its wholly owned subsidiary company elite, as well as medico legal reports and psychological reports to a client base of principally UK based solicitors. the acquisition of litComp (parent company of elite) in 2010 was Maven’s first investment in a public-to-private transaction, and one of the first of its kind led by a VCt manager.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

public-to-private

october 2005

financial services

£5.5m

28

Grantham

london

Page 16: Maven portfolio brochure October 2013

Creating Value

espresso Group

espresso was formed in february 1997 by former Blue peter editor lewis Bronze, and technology strategist tony Bowden. the initial concept was to find a way of delivering video content to the classroom, which would be regularly updated and add meaning and relevance to the curriculum. the idea was expanded to include video-rich multimedia educational modules, supported by an internet based information resource, using video to demonstrate concepts and motivate pupils to think and learn. espresso works with pupils and teachers in over 9,000 schools all around the UK. technology is now an everyday feature of school life, and espresso products are increasingly helping to improve the teaching and learning experience.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development Capital

september 2001

education

£1.5m

129

london

london

Page 17: Maven portfolio brochure October 2013

esure Group Holdings

esure is one of the largest online insurance providers in the UK. the business was founded in 2000 to harness the efficiency of the internet as the primary sales channel to offer competitive motor and home insurance cover to responsible drivers and careful homeowners. esure has a portfolio of well known motor insurance and related brands, including sheilas’ Wheels and price comparison website Gocompare.com, and has expanded into complementary areas of insurance, including motor legal protection and travel insurance. esure’s brands benefit from strong customer recognition and loyalty in a market where customers increasingly rely on web-based price comparison services.

maven clients invested in february 2010, as part of a syndicate of institutional and private investors arranged and led by penta Capital, to support an mBo from lloyds Banking Group. In July 2013 esure undertook an Ipo, listing itself on the main market.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

february 2010

financial services

not disclosed

105

Glasgow

Glasgow

Page 18: Maven portfolio brochure October 2013

Creating Value

flexlife Group

flexlife was founded in 2007 and provides subsea flexible pipe (‘riser’) integrity management solutions to the offshore oil & gas industry, covering all stages of the subsea lifecycle from the initial design phase through to ongoing integrity management. the company’s key market is floating production vessels and platforms which utilise risers to connect to the subsea infrastructure. risers are vital to sustained field production, where failure causes lost production and can have a catastrophic impact on the safety of personnel and the environment.

flexlife has developed patented ultrasonic scanning equipment, capable of the non-invasive inspection of risers for corrosion and water ingress, in a sector where operators are placing greater emphasis on integrity monitoring and management. the company’s blue-chip customer base includes total, shell, statoil, apache and maersk.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development Capital

october 2010

energy services

£5.5m

82

aberdeen

aberdeen

Page 19: Maven portfolio brochure October 2013

Glacier energy services

Glacier energy services is a business formed from the acquisition of two complementary and profitable oil & gas businesses, Roberts Pipeline machining and Wellclad, from mB aerospace. roberts designs and manufactures on-site portable cutting machines and Wellclad provides weld overlay and cladding services.

roberts and Wellclad each operate with a blue-chip client base and have a strong international presence in key global energy markets including the north sea, the middle east and West africa.

With a manufacturing plant in motherwell, Glacier focuses on developing products and services for the oil & gas industry, particularly in the areas of production and processing equipment, intervention and pipeline components.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

march 2011

energy services

£8m

110

motherwell

aberdeen

Page 20: Maven portfolio brochure October 2013

Creating Value

HCs Control systems

HCs is a specialist manufacturer of engineered mechanical, hydraulic and electrical systems for the subsea oil and gas sector, which is benefitting from record levels of investment in new developments, alongside significant upgrade programmes for existing assets and infrastructure.

established in 1997, and operating from a high-tech manufacturing facility in fife, HCs undertakes the majority of work in-house, including design, engineering, orbital welding and fabrication processes. the company has built a strong working relationship with its clients, based on the ability to supply high quality and reliable products on time, delivering fast track design, manufacture and testing of topside and subsea control systems to a global blue chip customer base of subsea service companies, and umbilical and project businesses, including Ge, Cameron, schlumberger and expro.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

June 2013

energy services

£8.5m

60

Glenrothes

aberdeen

Page 21: Maven portfolio brochure October 2013

Higher nature

Higher nature formulates, markets and distributes a range of natural health food supplements to mail order customers, retail health food stores and pharmacies, doctors and alternative practitioners. established in 1994 by Brian and Celia Wright, the business has developed one of the strongest and most respected brands in the UK natural supplements sector.

Higher nature has a strong ethical position, leading the industry with its formulations of natural, non-genetically modified products. the business is based in purpose-built premises in east sussex.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development Capital

november 1999

Health

£7.5m

80

east sussex

london

Page 22: Maven portfolio brochure October 2013

Creating Value

House of Dorchester

House of Dorchester was formed more than 40 years ago to develop and produce premium chocolates and confectionery. the business uses only the finest ingredients sourced from around the world to produce unique chocolates for its customers. the business operates from a bespoke factory in Dorchester, on the prince of Wales’ estate at poundbury. House of Dorchester supplies retailers throughout the UK and abroad, as well as many established global names in the hotel, leisure and retail world.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

BImBo

september 2002

food & Beverage

£2.15m

97

alton

london

Page 23: Maven portfolio brochure October 2013

John mcGavigan

Jml is a manufacturer and supplier of decorative assemblies and interior parts for the global automotive industry, with a strong share of the european market. the business supplies tier 1 automotive manufacturers such as Bosch, Visteon, Continental and yazaki, with components widely used by global brand car makers producing affordable high volume cars, including ford, Gm, Jaguar/landrover and toyota.

Jml’s principal focus is the design, manufacture and supply of parts, such as dashboard appliqués, radio and heater control panels, decorative trims and instrument dials. Core skills include the latest high-volume screen printing technology, precision die cutting, thermo and hybrid forming techniques, injection moulding and complex assembly module management.

the business also provides a logistics management service, enabling just-in-time supply to manufacturing facilities across the world.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

expansion Capital

January 2011

automotive manufacturing

not disclosed

130

Glasgow

Glasgow

Page 24: Maven portfolio brochure October 2013

Creating Value

lab m Holdings

lab m is a provider of microbial risk management products and quality assurance services. these services involve the development, manufacture and supply of microbiological media and diagnostic systems and services for the international food, water, industrial and clinical testing markets.

lab m also supplies bulk reptones extracts and other raw materials to pharmaceutical and large-scale fermentation industries as well as having a specialism for custom-designed products.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development Capital

october 1998

medical/Healthcare

£3m

25

Bury

london

Page 25: Maven portfolio brochure October 2013

lambert Contracts

lambert was founded in 1986 and is a leading specialist contractor in Insurance reinstatement, property maintenance and fire protection. lambert has long standing relationships with many of the UK’s best known insurance companies, loss adjustors and property managers.

lambert has a reputation for providing a high quality, professional and reliable service, through a customer focussed approach. the company provides 24/7 property maintenance, repairs and Construction services as part of an integrated offering to homes and business owners aimed at minimising disruption, ranging from restoring properties damaged by fire, flood, water and smoke, carrying out general property maintenance, restoration, through to providing specialist advice on fire safety contracts.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

replacement Capital

June 2013

Insurance Contracting

£5.8m

105

paisley

Glasgow

Page 26: Maven portfolio brochure October 2013

Creating Value

llanllyr Water Company

llanllyr extracts and bottles natural spring water from its large sustainable reserves in Wales, which have provided water to the local community for over 800 years. llanllyr is a recognised brand and is served at high quality restaurants throughout the world.

maven’s client funds invested in the company alongside mark swanwick, a specialist in the food and drinks industry, to enable llanllyr to develop the business and expand its product range. this includes the launch of an innovative canned water product, which is more environmentally friendly than the plastic bottles used by competitors.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development Capital

march 2002

Beverages

not disclosed

14

lampeter

london

Page 27: Maven portfolio brochure October 2013

martel Instruments Holdings

martel is one of the leading UK manufacturers of compact printer and lCD modules. the business is based in County Durham and differentiates itself from other printer suppliers by offering a complete design and build service for low volume/high customisation printer solutions. martel offers in-house software and tooling design expertise, as well as injection moulding and surface mount capabilities. the business supplies products to a global customer base, across a range of industries including automotive, medical, transport and retail.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

January 2007

specialist manufacturing

£6.9m

30

County Durham

edinburgh

Page 28: Maven portfolio brochure October 2013

Creating Value

ms Industrial services

ms Industrial services was incorporated in 1998 and has grown into a major provider of cleaning, coatings and inspection services to the offshore energy services sector. the business is headquartered in Invergordon, ross-shire with an office in Aberdeen.

traditionally msIs provided industrial cleaning services to a wide range of clients, and has been successful in expanding its business into the offshore markets, particularly in offering tank cleaning, waste removal and disposal services.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

BImBo

april 2007

support services

£7m

85

Inverurie

aberdeen

Page 29: Maven portfolio brochure October 2013

nenplas

nenplas manufactures and distributes plastic extrusions used in a variety of retail and manufacturing applications. the business specialises in the design and development of new products for a wide variety of general trades, including construction, caravan manufacturing, furniture and rolling stock refurbishment.

With extensive design knowledge and expertise as well as the latest CaD software and prototyping facilities, nenplas helps its customers turn their ideas and needs into a cost-effective solution for their business.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

secondary mBo

march 2013

specialist manufacturing

not disclosed

120

ashbourne

Birmingham

Page 30: Maven portfolio brochure October 2013

Creating Value

networks by Wireless

networks by Wireless is the UK’s largest independent supplier of wireless infrastructure, specialising in the design, installation and maintenance of fixed and mobile IP infrastructure & mobility solutions. networks by Wireless is at the forefront of converged fixed to mobile broadband & wireless solutions.

the business also has access to a unique portfolio of products and services designed to ensure delivery of converged Ip applications, such as Voice, Video, VoIp, Data and CCtV solutions. a 24/7 state of the art network Operations Centre in Sheffield monitors the range of networks provided by the company.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development Capital

september 2000

telecommunications

not disclosed

45

Sheffield

edinburgh

Page 31: Maven portfolio brochure October 2013

six Degrees Group

six Degrees Group was established in 2011 with a buy-and-build acquisition strategy for the B2B telecoms service sector which has considerable scope for consolidation. the business is targeting three key managed data services elements: data centre and hosting, network connectivity and cloud offerings. the aim is to help UK mid-market companies meet the challenges of a connected, always-on world.

acquisition targets are high quality cash-generative businesses that offer complementary products and services. six Degrees acts as a reseller of converged business communications services to customers where there is a requirement for a ‘one stop shop’ operation that is beyond most independent voice and data resellers.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Buy and Build

october 2011

telecommunications

£52m

46

london

Birmingham

Page 32: Maven portfolio brochure October 2013

Creating Value

steri-bottle

steri-bottle designs, promotes and distribute disposable sterile baby bottles that are 100% recyclable. Convenient anytime, the product reduces the time and stress of bottle-preparation, which is ideal for trips and early morning feeds. steri-bottle’s new range of stacking bottles do not need to be sterilized after production. the products are manufactured in a controlled clean-room environment using the safest plastic materials.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

BImBo

august 2002

Household Goods and textiles

£14m

4

london

london

Page 33: Maven portfolio brochure October 2013

tC Communications Holdings

established in 1985, tC Communications is a leading independent marketing and communications agency. Based in ascot, Berkshire, tC provides a broad spectrum of innovative marketing services to clients in the consumer, aviation and property sectors. the company’s blue-chip client base includes o2, mizuno, Virgin atlantic Cargo, menzies aviation and persimmon.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

may 2008

advertising & marketing

not disclosed

55

ascot

london

Page 34: Maven portfolio brochure October 2013

Creating Value

training for travel Group

training for travel is a specialist training provider to the travel, tourism and leisure industries. established in 1997, tft works in partnership with clients to deliver employment based training to employees of travel agents, tour operators and other leisure related industries, in areas such as customer service, information technology and management.

tft provides its clients’ staff with the skills, knowledge and recognised vocational qualifications to succeed, whilst improving staff productivity, retention and motivation.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

april 2008

support services

£4.3m

87

Bury

manchester

Page 35: Maven portfolio brochure October 2013

Vodat International

Vodat International provides managed network and communications solutions to business customers, with a particular focus on the UK retail sector.

the business was established in 2002 and is one of the fastest growing providers to UK businesses, offering a range of products and services including secure real-time data networks, telephone and VoIp services, card payment solutions, mobile marketing campaigns, Wi-fi and disaster recovery services. Vodat’s products enable retailers to reduce costs, boost store productivity and increase sales in an increasingly competitive trading environment.

Vodat provides services to over 7,000 live retail sites and has achieved exceptional levels of customer retention. the established customer base includes a diverse mix of well-known retailers, including Warehouse, fat face, oasis, Beaverbrooks and poundland.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

march 2012

telecommunications/It

£5m

46

stockport

manchester

Page 36: Maven portfolio brochure October 2013

Creating Value

Westway services

Westway provides design, installation and maintenance services to the built environment. the company’s original focus was on heating, ventilation and air-conditioning services.

However, Westway has expanded its focus to other technical services including m&e maintenance, energy services, communications, internet protocol television and security systems. Westway now provides a full range of building services through a network of residential engineers and mobile technicians.

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

June 2009

support services

£8.5m

38

Greenford

london

Page 37: Maven portfolio brochure October 2013

XpD8 solutions

XpD8 was formed in 2003 and is an asset integrity business which operates in the energy services industry. Integrity services is an area of increasing focus for the sector, as energy services businesses seek to maximise production and control costs whilst maintaining safety with an ageing infrastructure of critical equipment.

XpD8 offers customers an integrated package of bespoke software tools and skilled engineers, which dovetails with customers’ own asset integrity processes to help extend the life of critical equipment. the business works with a blue-chip customer base that includes BG Group, Conocophillips, apache, Bp, nexen and petro-Canada.

Creating Value

Private Equity

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

mBo

June 2010

energy services

£6m

41

aberdeen

aberdeen

Page 38: Maven portfolio brochure October 2013

meZZanInefInanCe

Page 39: Maven portfolio brochure October 2013

Booth Welsh automation

Booth Welsh automation (BWa) provides specialist control engineering services to process industries across the UK and overseas, BWa was established in 1989 and provides an integrated range of highly specialised engineering solutions to clients across a range of sectors where the ability to maintain efficient operation and comply with regulatory standards is paramount, including pharmaceuticals/life sciences, food & drink, nuclear power generation and oil & gas.

the business offers services ranging from initial design through to installation, operational maintenance and decommissioning, and has an established blue-chip client base in the UK and overseas markets such as Brazil, angola and saudi arabia.

Scottish Loan Fund

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development Capital

June 2012

engineering

£1.1m

153

stevenston

Glasgow

Page 40: Maven portfolio brochure October 2013

Calnex solutions

Calnex solutions limited was founded in 2006 and is a leading provider of text and measurement solutions to prove and monitor the performance and reliability of ethernet synchronisation. the business has established a blue-chip customer base, including developers of next generation smart devices such as nokia and samsung as well as global telecom companies such as Vodafone who deploy the technology on their networks.

Scottish Loan Fund

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development Capital

august 2013

telecommunications

£2 million

37

linlithgow

edinburgh

Page 41: Maven portfolio brochure October 2013

Cst Global

Cst Global provides semiconductor foundry and custom services to a range of clients in the Communications, Defence, medical, energy and Industrial sectors. the business specialises in the design, development and manufacture of discrete and integrated III-V opto-electronic devices. today Cst serves both fabless and vertically integrated customers in UK, Us, europe and Japan, and is recognised as a flagship project for the UK Opto-electronics industry.

the demand for semiconductors has seen rapid growth, fuelled in part by the increasing demand for feature rich handsets and smartphones in the communications sector.

Scottish Loan Fund

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development Capital

march 2013

specialist manufacturing

£1.7m

26

Hamilton

Glasgow

Page 42: Maven portfolio brochure October 2013

Deep Casing tools

Deep Casing tools has developed an innovative range of tools for use in the oil and gas industry to enable casing and completions to be landed first time at target depth within an oil or gas well. Deep Casing’s unique drill-through technology provides significant time and cost savings when compared to conventional methods. the outlook for the business is extremely positive as the market continues to shift focus towards both unconventional shale assets and drilling in more complex deeper water.

Deep Casing provides rugged and reliable tools designed to guarantee well integrity and create maximum economic value, with its technology ensuring minimum upsets and maximum predictability in well construction for its clients.

Scottish Loan Fund

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development/Working Capital

april 2013

energy services

£2.1m

16

aberdeen

aberdeen

Page 43: Maven portfolio brochure October 2013

the Deritend Group

Deritend is a specialist maintenance support company offering repair, replacement and ongoing maintenance services for the majority of electro-mechanical equipment in commercial use.

Deritend aims to provide customers with services which improve plant maintenance, increase efficiency and reduce costs. Customers include theme parks, hospitals, automotive production sites and food processing plants, all of which rely on Deritend’s maintenance expertise and facilities to remain safe, efficient and operational.

Creating Value

Capital for Enterprise Fund A

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development/Working Capital

January 2010

support services

£2m

305

Wolverhampton

london

Page 44: Maven portfolio brochure October 2013

Gas & oil technology

G.o.t. is an aberdeen based market leader in the sourcing and procurement of oilfield equipment. formed in 1992, G.o.t. specialises in the provision of comprehensive procurement packages tailored to individual client needs. the company has in-depth knowledge of hand tools, engineering consumables, mro (maintenance, repair & operations) equipment and ad-hoc procurement packages, predominantly for use within the north sea sector.

Scottish Loan Fund

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development Capital

July 2012

energy services

£1m

15

aberdeen

aberdeen

Page 45: Maven portfolio brochure October 2013

Greenbelt Group

Greenbelt is the only UK-wide company that owns and manages greenbelt land, primarily in residential areas and formed as part of new housing developments. the business provides tailored plans for each location, giving customers the reassurance that their shared landscapes are managed and maintained in a way that will sustain the local environment, as well as the attractiveness and the marketability of the area.

In a climate of increasing planning legislation and rising concerns over protecting sensitive areas, local authorities need to ensure that residential and commercial landscapes are planned, managed and maintained in a sustainable way.

Creating Value

Capital for Enterprise Fund A

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development/Working Capital

september 2009

land management

£2.25m

77

Glasgow

Glasgow

Page 46: Maven portfolio brochure October 2013

fletcher shipping

aberdeen based fletcher shipping, which was established in 2007, owns and operates platform support Vehicles (psVs) in the north sea. psVs support the offshore oil & gas industry by transporting everything an oil rig needs to function 365 days a year including food, consumables, production/drilling equipment and replacement parts.

fletcher shipping’s vessels are adept at operating in harsh conditions with excellent reliability, which has helped maintain 100% utilisation with blue chip operators since they were acquired.

Scottish Loan Fund

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development Capital

september 2012

energy services

£9.5m

100

portlethen

aberdeen

Page 47: Maven portfolio brochure October 2013

merson signs

merson signs is one of the UK’s leading commercial signage manufacturers and service providers delivering high quality product to a blue chip client base across a range of sectors. services provided include initial design, sign manufacture, installation, project management and on-going maintenance.

the company has been involved in a number of high profile projects including Heathrow terminal 5, the london olympics 2012 and m8 Gantry project. In addition to the UK market, merson has an established international presence serving customers in the middle east.

Scottish Loan Fund

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

acquisition finance and Development Capital

December 2012

manufacturing

£3m

150

east Kilbride

edinburgh

Page 48: Maven portfolio brochure October 2013

mono Consultants

mono Consultants is a provider of network support services to the UK mobile telecoms sector and offers the full range of services necessary to plan, build, operate and optimise a mobile network, including the infrastructure of radio base stations. the company provides a “one stop shop” solution intended to cover the entire life cycle of a network from radio planning and site acquisition through to site decommissioning. Customers include Vodafone, o2, airwave and BT Openreach. With significant consolidation across the sector, allied to an increase in data usage due to more sophisticated mobile devices, the business is well positioned to benefit from the forecast increase in UK mobile data traffic.

Scottish Loan Fund

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development/Working Capital

august 2011

telecommunications

not disclosed

207

Glasgow

Glasgow

Page 49: Maven portfolio brochure October 2013

pentagon Chemicals (Holdings)

pentagon is a UK based contract chemical manufacturer, producing organic intermediates for use in the life science, petrochemical and speciality chemicals markets. the business was established in 2002 when management bought Dow plc’s specialty Chemicals business in Workington, Cumbria. subsequently in 2003 pentagon acquired the fine business at Halebank, merseyside from Great lakes.

Creating Value

Capital for Enterprise Fund A

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development/Working Capital

December 2009

Chemicals

£2m

162

Workington

manchester

Page 50: Maven portfolio brochure October 2013

Creating Value

plethora solutions Holdings plC

plethora is a specialist pharmaceutical business focusing on acquiring, developing and marketing products for the treatment and management of urological disorders. plethora was founded in 2003, before being listed on aIm in 2005. the company has grown in response to increasing demand for its products which serve a large, growing patient population whose medical needs are currently poorly met. plethora has grown from a cash consumptive development company into a sustainable urology business benefiting from both near term product sales and high value, medium term licensing income.

Capital for Enterprise Fund A

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development/Working Capital

July 2010

pharmaceuticals

£1m

12

london

london

Page 51: Maven portfolio brochure October 2013

prismtech Group

prismtech develops and sells high quality, advanced communications software solutions that allow its customers to deploy extremely fast, secure and reliable voice and data communications systems for “mission critical” applications.

most of the company’s business is derived from exports to the Usa and continental europe, where its customers operate in markets that require advanced It systems such as defence, aerospace, transportation, telecommunications and finance. PrismTech has an international blue-chip customer base, including many fortune 500 companies.

Creating Value

Capital for Enterprise Fund A

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development/Working Capital

December 2009

software

£1.5m

80

stirling

edinburgh

Page 52: Maven portfolio brochure October 2013

roVop

roVop specialises in all aspects of roV (remotely operated Vehicle) operations, servicing the offshore oil & gas and renewable sectors. roVs are unmanned underwater vehicles used to complete tasks in subsea environments. the business provides high quality equipment and pilot technicians for a range of projects including pipeline inspections, platform repairs, wind farm installations and drill support.

roVop offers a tailored solution to clients, including providing the most appropriate roV and control systems for the project, together with a highly skilled crew of pilot-technicians. The business operates a fleet of powerful new roVs in a sector with a growing requirement to operate in hostile offshore environments.

Scottish Loan Fund

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development Capital

June 2012

energy services

£5m

28

aberdeen

aberdeen

Page 53: Maven portfolio brochure October 2013

VisionWare

VisionWare is a software company that has developed its own specialised master data management (mDm) software called ‘multiVue’. the technology allows organisations to integrate remote data sources and actively manage the output to create a single, reliable view of their customers. Having a single source of data enables on-going data quality improvements and ultimately savings on costs.

the mDm market continues to grow consistently each year and with budget cuts on-going across the public sector, there is a driver to invest in making sustainable and measurable changes.

Scottish Loan Fund

Deal Type:

Initial Investment:

Sector:

Transaction size:

Number of Employees:

Location:

Maven Office:

Development Capital

february 2013

software

£1m

25

Glasgow

Glasgow

Page 54: Maven portfolio brochure October 2013
Page 55: Maven portfolio brochure October 2013

Creating Value

Page 56: Maven portfolio brochure October 2013

Maven Capital Partners, Kintyre House, 205 West George street, Glasgow G2 2lW

t / 0141 306 7400 e/ [email protected] W/ mavencp.com

Important Information

This document is not an invitation or a recommendation to invest, and is for information purposes only. Prospective investors should regard an investment in an unlisted company as a long term investment which carries a higher risk than many other forms of investment, as the securities of unlisted companies are not publicly traded and are therefore likely to be illiquid, carrying substantially higher risk than investments in larger, listed companies. If you have any doubt about the suitability of an investment in an unlisted company, or whether you can afford it, we recommend that you seek professional advice from an authorised financial adviser. Issued by Maven Capital Partners UK LLP which is authorised and regulated by the Financial Conduct Authority (FCA registration no. 495929). Registered office: Queens Chambers, 2nd Floor, 5 John Dalton Street, Manchester M2 6ET.

Creating Value