In assisting GEV Group to secure its recent equity investment, Dave Howes, a director at JDC acted as lead adviser supported by executive Ryan Symonds, running a competitive process liaising with a number of strategically selected private equity houses and venture capital trusts before Maven was identified as the preferred partner.
The funding enabled two founding shareholders to exit the business, whilst providing CEO David Fletcher and his dynamic executive management team with additional development capital to support GEV’s impressive growth plans.
Dave Howes, Director at JDC Corporate Finance commented:
“I am thrilled to have advised the shareholders and management team on this deal, which represents an exciting step for the business. In Maven, GEV Group has secured a partner with an excellent pedigree to assist the team in meeting its objectives. I look forward to continuing to assist the team, Maven and the business on their exciting growth plans."
David Fletcher, CEO of GEV Group commented:
"We engaged JDC due to their successful track record in our sector and the immediate confidence we felt in their ability to secure a deal with the right structure for all parties within our Shareholder Group.
Dave Howes and his team guided us through every step of the transaction, providing advice and importantly acting as an effective filter during the due diligence process, allowing us to continue running our business in parallel.
Their commitment to the transaction, negotiating the best deal and securing the right partner in Maven was always evident and went beyond what we would have expected from our corporate finance advisers.
We made a good decision to appoint JDC and I would have no hesitation in recommending them to any business owner considering a transaction."