Investment operation, Maven, has announced two new hires, as it seeks to find innovative companies in the North of England.
The finance company recently surpassed its £25m funding milestone, backing 40 companies across the region. Many of these have been media, ecommerce and digital SMEs and start-ups.
The new recruits are Chartered Accountant, James Rosthorn, who joins Maven as an Investment Manager based in the Manchester and Lancashire offices, looking at new investment opportunities. Before working at Maven, he was a Corporate Finance Advisor at Mazars, advising on sales, acquisitions, fundraising and MBOs.
Meanwhile Qualified Solicitor and Corporate Finance Masters, Dean Cox joins from Radius Payment Solutions and Addleshaw Goddard. His background is in private equity, M&A and legal expertise advising management teams, institutional investors and large corporates.
Maven manages £57.5 million worth of equity finance for the Northern Powerhouse Investment Fund (NPIF) a £400m fund for SMEs in the North of England.
“We are delighted to welcome James and Dean to the growing team which will strengthen Maven’s presence and will help us continue to identify high-growth, innovative businesses as potential investments,” said Ryan Bevington [pictured], Investment Director at Maven.
“Our local investment team works closely with the businesses we support to provide flexible funding to suit a wide range of scenarios. Achieving the £25 million milestone earlier this year demonstrates the need for this type of equity finance, and we look forward to working with more innovative, fast growing small businesses to help them achieve their growth plans.”