Midlands Engine fund manager opens Nottingham office
Private equity house Maven Capital Partners, which is a fund manager for the Midlands Engine Investment Fund (MEIF), has opened an office in Nottingham city centre and appointed David Tindsley and Sajid Sabir.
Tindsley and Sabir have responsibility for new MEIF investments across the East and South-East Midlands, as well as managing portfolio investments across the region.
Tindsley joins Maven following a 35-year career with Barclays and Bank of Scotland, primarily in the SME commercial and corporate banking sectors. Most of his banking career has been in the East Midlands region. Before joining Maven, David also ran his own business advisory company, offering support and guidance on a variety of banking issues to SME clients.
Sabir joined Maven at the start of January 2018, having previously worked within the corporate finance team at Grant Thornton and, prior to that, Orbis Partners. During his corporate finance career he has worked on transactions across technology, manufacturing and the food and beverage sectors.
These appointments follow the announcement of Maven’s appointment to manage £90m MEIF Debt funds, focused on providing debt funding to high-potential growth businesses located across both the West Midlands and the East and South-East Midlands regions. Composed of two separate funds, of £50m for SMEs located in the West Midlands, and £40m for growth businesses in the East and South-East Midlands, the Fund will provide finance of between £100,000 and £1.5m.
Jonathan Lowe, investment director at Maven, who heads the East and South-East Midlands team said: “At Maven we understand the importance of having a local presence which is why we have offices at the heart of the main centres of UK business and transaction activity.
“We are delighted to welcome David and Sajid to the team and to strengthen our presence across the region. We have built a highly skilled team with considerable in-depth knowledge of the local SME market, and a range of sectors, allied to the national resource of Maven’s UK business.
“The Midlands has a well-deserved reputation as being a key driver in UK economic growth and producing innovative smaller businesses and our MEIF Debt Fund team is very much looking forward to working in partnership alongside Midlands SMEs.”
