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Maven has completed an exit from GradTouch to London private equity firm, Pelican Capital.

The sale of the Manchester based technology platform for graduate employers has generated a return of up to 1.7x for Maven client funds. Maven first invested in the business in December 2017 through NPIF Maven Equity Finance, with the Maven VCTs providing its support in 2019 following the achievement of key commercial milestones.

The sale to Pelican Capital will enable the business the continue its impressive growth to date, supporting an ambitious buy and build strategy to further expand its brand portfolio of innovative businesses focused on transforming the early career development space.

“The backing we have received from Maven has been instrumental in the expansion of GradTouch. Their strategic guidance and financial support have proved valuable in fuelling our growth and we are now in a strong position to embark on a new chapter.” 

Zac Williams, CEO at GradTouch

 

Find out more about the Maven VCTs here

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