ICFG UK supported Maven on their £17 million buyout of Envitia

ICFG member in the UK, HMT LLP, provided buyside lead advisory services to Maven Capital Partners (“Maven”), on their £17 million management buyout (“MBO”) of the market leading geospatial data and services provider ENVITIA Group plc (“ENVITIA”).

Horsham based ENVITIA is a leading software and services company offering solutions for the most complex data challenges, delivering accurate and relevant data to clients across the defence and public sectors. ENVITIA works with organisations to solve data challenges covering a range of specialised areas such as data discovery and access, data modelling, data quality, AI / Machine Learning, analytics and visualisation all within a geospatial niche.

The transaction has been fully funded by Maven’s maiden institutional fund and the strategic partnership will support ENVITIA’s future growth ambitions. Maven are backing the existing management team lead by CEO Nabil Lodey, CTO Richard Griffith and CFO Paul Waller. The deal was led by Maven Partners Tom Purkis and Andrew Ferguson, and as part of the transaction Tom will join the board as a Non-Executive Director.

Tom Purkis, Partner at Maven commented:

“The team at Envitia have developed a market leading and highly sophisticated proposition, with a multitude of use cases across both the public and private sector, enabling smarter decision making to take place through the use of data enhancing the quality of outcomes for their clients. We’re looking forward to helping the team build on an already impressive track record of growth and are grateful for the buy-side support provided by HMT which resulted in a timely completion.”

Andrew Thomson commented:

“We are delighted to have advised Maven on their strategic investment in Envitia. With Maven’s support, Envitia will continue its exciting growth trajectory as the market leader in the geospatial data and services space. We look forward to continuing working with them in the future.”
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