Maven Capital Partners expands EIS offering with acquisition of Newable Ventures

Mattioli Woods subsidiary

Mattioli Woods subsidiary Maven Capital Partners has acquired EIS fund manager Newable Ventures for an undisclosed sum.

Newable is part of the Newable Capital Group and has £12m in assets under management. The acquisition will boost Maven's plans to expand its activities into direct Enterprise Investment Scheme investments. Autumn Statement 23: VCT and EIS sunset clauses extended by a decade In a stock exchange notice today (1 December), Mattioli Woods said the deal represented a "strategic milestone" for Maven by providing emerging businesses with an additional way to access capital, as well as a tax-efficient avenue for clients to invest in smaller UK companies with high growth potential. Bill Nix...