Advising Maven on two MBOs in quick succession

We have advised Maven Capital Partners on two investments in quick succession: the £20m management buy-out (MBO) of UAP Limited and the MBO of Acton Banks.

The MBO of UAP Limited

We advised Maven on the MBO of UAP Limited. Founded in 1996, UAP is a leading UK supplier and distributor of high specification door and window hardware. The business now offers over 3,000 product lines and exports to 25 different countries.

Our team, led by Corporate partner, Simon Gill, included senior associate Beth Mather, solicitors Liz Mills, Rachel Cox and Jamie Gillespie (Corporate); legal director Chris Cheatle and associate Tim Swallow (Real Estate); partner Paul de Vince and solicitor Charlotte Mason (CTM); solicitor Helen Webster (Employment); associate Jill Walters and paralegal Patricia Bailey (Pensions); solicitor Natasha Jones (Regulatory); partner Andrew Madden and solicitor Rebecca Mills (Banking & Finance); and partner James Gopsill (Tax).

The management team are looking to further accelerate growth with an expanded product range and entry into new markets.

The MBO of Acton Banks

Following the MBO of UAP Limited, we advised Maven on its investment in Acton Banks.

Established in 2006, Acton Banks is a market leading UK healthcare staffing business which places registered nurses and healthcare professionals throughout the Midlands and North West in both the public and private sector.

Our team, led by Corporate partner, Simon Gill, included senior associates Adam Percival and Beth Mather, solicitors Ruary Smith, Matthew Smith and Rachel Cox, and paralegal Lauren Elliott (Corporate); partner Chris Fanner, solicitors Katherine Davis and Rebecca Wood, and trainee solicitor Rohan Cordeiro (Banking & Finance); partner James Gopsill (Tax); associate Jodie Clarke (Employment); solicitor Chris Grainger (Regulatory) and solicitor Pardeep Lagha (CTM).

The investment will allow Acton Banks to expand outside of the Midlands and the North West.

Corporate partner Simon Gill who led on both deals said: “We have advised Maven on several investments in recent years and are delighted to have acted for them on these two MBOs, which will enable both companies to develop considerably over the next few years”.