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05-Feb-2018<br />

Maven expands team following MEIF appointment<br />

Insider Media<br />

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Private equity firm Maven Capital Partners has made a series of appointments and opened<br />

a new regional office to manage its Midlands Engine Investment Fund (MEIF).<br />

The company has appointed Andy Povey and Raj Minhas to its Birmingham branch as<br />

investment managers to help manage the Maven MEIF Debt Fund team in the West<br />

Midlands.<br />

Maven has also opened its eleventh regional office in Nottingham and appointed David<br />

Tindsley and Sajid Sabir to manage the fund in the region.<br />

Povey joined Maven in 2017 following a long career in investment and banking for smalland<br />

medium-sized enterprises (SMEs). He was previously a director with SME investor<br />

Seneca Partners in Birmingham, sourcing and managing debt and equity transactions.<br />

Minhas joins the company following a 30-year career with NatWest, primarily in the SME<br />

commercial and corporate banking sectors.<br />

Tindsley joins Maven following a 35-year career with two high street banks, primarily in the<br />

SME commercial and corporate banking sectors and Minhas joined he company at the start<br />

of January, having previously worked within the corporate finance team at Grant Thornton<br />

and, prior to that, Orbis Partners.<br />

Investment director Steve Lewis said: "We are delighted to welcome Andy and Raj to the<br />

team and strengthen our presence across the region. We have built a highly skilled team<br />

with considerable in-depth knowledge of the local SME market, and a range of sector<br />

specialist knowledge, allied to the national resource of Maven’s UK business.<br />

"The Midlands has a well-deserved reputation as being a key driver in UK economic growth<br />

and producing innovative smaller businesses and our MEIF Debt Fund team is very much<br />

looking forward to working in partnership alongside Midlands SMEs."<br />

The hires follow the announcement of Maven’s appointment to manage £90m MEIF Debt<br />

funds, focused on providing debt funding to high-potential growth businesses located across<br />

the Midlands.<br />

Composed of two separate funds - £50m for SMEs located in the West Midlands and £40m<br />

for growth businesses in the east - the pots will provide finance of between £100,000 and<br />

£1.5m.

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