Maven Capital Partners

Established for over 110 years and based in Wolverhampton, £20m turnover Deritend is a national provider of engineering maintenance services to a range of industries including Power, Water, Food and Beverage.

The Group provides 24 hour, 365 day support from its network of 12 regional service centres across the UK. Like many businesses Deritend has been impacted by the effects of the recession and needed an injection of capital to strengthen its balance sheet. We quickly matched Deritend’s requirements to the objectives of the Government’s Capital for Enterprise Fund managed in the Midlands by Maven Capital Partners.

The fund is a form of equity investment and is available to sound businesses with existing cashflows and genuine growth potential that are currently unable to access the funding they need from traditional sources. In this instance we raised £2m on Deritend’s behalf directly from Maven.