Investment in GEV Group by Maven Capital Partners
HMT, led by Partner Paul Read and Director Holly Bedford-Bell undertook financial due diligence for Maven Capital Partners (“Maven”) on their investment in leading group in renewables sector GEV Group (“GEV”). Maven invested £5.4 million in GEV.
GEV has four main divisions which operate across multiple markets and global locations: GEV Wind Power, Subsea Masters, Oxifree and GEV Offshore one of the leading specialist in Oil & Gas engineering.
The £5.4million investment from Maven will provide the business with additional capital to support its impressive growth plans. Highly regarded for its project delivery, quality of people and innovation in its products and processes, GEV is well positioned to capitalise on projected global growth in wind power, driven by emissions and fossil fuel reduction targets.
Andrew Ferguson, Partner at Maven commented,
“We are delighted to have completed our investment in GEV, and would like to thank Paul and the team at HMT for the excellence of their work during this project. They quickly got under the skin of the business and provided a thorough and insightful report detailing all of the key issues.”
Paul Read commented,
“The management team at GEV have built a very successful business over the last years and with Maven’s support will be able to achieve the next step in their growth story. We were delighted to advise Andrew and the rest of the Maven team on this exciting opportunity and look forward to working with them again in the future.”