JDC Corporate Finance, East Anglia’s corporate advisory firm, has secured a £5.4million minority investment in Hull-based GEV Group, from Maven Capital Partners.
As a global company comprising four divisions and with a key focus upon the renewables sector, the investment will support the company’s implementation of its significant growth plans, whilst enabling the exit of two founding shareholders.
Dave Howes, Director at JDC, who acted as lead adviser for this deal, said: “In Maven, GEV Group has now secured a partner with the credentials to assist them in meeting their key objectives, and I very much look forward to continuing to work with the team, Maven and the wider business as their exciting growth plans move forward.”
CEO of GEV Group, Dave Fletcher said: ”GEV Group is exceptionally pleased with the result of this process, as JDC has secured a deal with a structure that satisfies all parties within our shareholder group.
“Dave Howes and his team have guided us with commitment through the entire transaction, providing us not only with the correct advice, but acting as an effective filter during the due diligence process. Crucially, this has allowed us to continue running our business in parallel, throughout.”