NVM closes Private Equity Vintage III .
28 November 2018
NVM Private Equity (“NVM”), is pleased to announce that it has raised £142 million for its debut Institutional Fund. NVM Private Equity Vintage III (“the Fund”) has received commitments from a diverse set of high quality investors across Europe and North America.
NVM is a long established investor in the UK, with a track record of generating top quartile returns. NVM’s presence in each of the UK’s five key financial centres provides deep local knowledge, insight and unique access to a diverse range of investment opportunities. The investment team will continue the firm’s strategy of backing high quality incumbent management teams across a broad range of industry sectors.
NVM Private Equity Vintage III will invest in growing UK regional businesses investing between £5 million and £15 million in each transaction. The Fund has already completed its first two deals, acquiring a majority stake in Dale Power Solutions for £9.0 million and secondly an £8.2 million investment in Flexioffices. Both businesses operate in highly attractive markets with clear catalysts to growth.
NVM Private Equity Vintage III will complement NVM’s existing VCT business bringing total funds under management to approximately £440 million. With 44 portfolio companies across all funds, NVM remains an active participant in each of the UK’s five key regional communities. During the last 12 months, NVM has completed 11 investments across a wide range of sectors and deal types including management buy-outs, development capital and scale-up capital. NVM has also exited four companies generating an overall money multiple in excess of 2.5x.
Martin Green, Managing Partner of NVM Private Equity said: “The NVM team is delighted that such an international and blue-chip investor base shares our vision for investing in the highly attractive UK, regional SME market place. We thank our investors for their support and look forward to working with them to build a portfolio of companies that will once again deliver top-quartile returns.”
NOTES TO EDITORS
For further information please contact:
- Natalie Dickinson (NVM: PR & Marketing) – 0118 951 7021 firstname.lastname@example.org
- Martin Green (NVM: Managing Partner)– email@example.com
- Mauro Biagioni (NVM: Chief Operating Officer) – firstname.lastname@example.org
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NVM was provided with advice from:
MacFarlanes (Stephen Robinson, Ed Prestwich and Jonathan Dixon)
NVM Private Equity is independently owned with over 30 years’ experience of investing in unquoted UK businesses. NVM is a generalist investor, managing approximately £440 million of funds, and is differentiated by having executives living and working in regional business communities throughout the UK. NVM seeks investment opportunities of between £2 million and £15 million in UK businesses which have the right mix of growth potential and market vision. They may be looking to grow organically, acquire another business or secure a management buy-out. www.nvm.co.uk