PE giant reveals value of Ideagen exit

Maven Capital Partners, a subsidiary of listed Leicester wealth management company Mattioli Woods, has revealed it generated £4.7m by partially exiting Nottingham software giant Ideagen – with the investment reaping a 15x return over its lifetime.

In a trading update, the company said its exit from Ideagen was consistent with its strategy of reducing the size of “certain, larger” AIM quoted holdings.

Its full exit was completed post-period.

Maven was acquired by Mattioli Woods for £100m in July 2021.

The firm reported a strong performance across its unlisted holdings this morning (25 July) but says the performance of its AIM quoted portfolio has been affected by “volatility within listed markets.”

Ruddington-headquartered Ideagen was taken private earlier this month for the first time in almost exactly a decade after its £1.1bn sale to private equity firm Hg was completed.