PE house Maven moves in with Ludlow in North West office shake-up

Private equity house, Maven Capital Partners, is to share North West regional offices with wealth management companhy, Ludlow.

It will share resources in Burnley, Preston, Southport and Liverpool.

Just over a year ago Maven announced the opening of its own dedicated office in Liverpool’s central business district, at Avenue HQ St Paul’s Square.

Maven confirmed today that its Liverpool staff will move to Ludlow’s office, in Old Hall Street’s The Plaza, but its Manchester office will remain independent.

Ludlow was acquired by Mattioli Woods in late 2021, just months after Maven had been acquired by Mattioli Woods.

Maven’s North West team manage NPIF-Maven Equity Finance, which is part of the Northern Powerhouse Investment Fund providing equity finance of up to £2m to growing companies across the North West.

Based in Southport and with a growing presence in Scotland, Ludlow is one of the largest wealth management firms specialising in providing financial planning and wealth management solutions to clients who together have entrusted more than £1.8bn of assets with them.

The new office arrangement will allow Maven to further cement its local base across the Northern Powerhouse region, it said, forging stronger relationships to generate a wider reach.

Maven is planning to introduce its in-person ‘Meet the Investor’ events in its regional offices.

These events will allow local businesses to participate in face-to-face sessions with members of Maven’s North West investment team, opening up conversations with potential clients and offering a personable introduction to Maven’s funding options across the region.

Ryan Bevington, partner at Maven, said: “Maven already had an unrivalled regional office network across the UK, and teaming up with Ludlow gives us a far greater regional presence in the Northern Powerhouse region than any other SME-focused equity funder.

“In additional, Ludlow are well networked within their local communities and we look forward to working with them to build on our relationships with ambitious local businesses.”

Sean Hutchinson, at the British Business Bank, said: “The shared office space across the North West with Ludlow reinforces Maven’s commitment to building stronger relationships with local businesses.

“As part of the Northern Powerhouse Investment Fund, this arrangement will allow Maven to better support early stage and established companies across the region with funding and in-person events.”