Maven increases its support for Westway Services to lead it through next phase of growth

 Maven Capital Partners (Maven), one of the UK's leading Private Equity Houses, is pleased to announce that it has funded a replacement capital transaction in Westway Services Holdings (Westway). Maven originally supported an MBO of the London-based facilities management business in 2009 and has since helped grow Westway's footprint throughout London and the South East.

The £3.6 million recapitalisation of Westway, which is Maven's 10th Private Equity transaction this year, has not only delivered a 1.6x money multiple return for Maven client funds prior to any future equity realisation, but has also increased Maven's equity stake in the business.

Octopus invests £3.1m into building material technology Spiralite

Spiralite® ductwork delivers energy and cost savings in heating, ventilation and air conditioning installations, helping future-proof buildings

Spiralite® ductwork, the technology which is transforming the installation of air conditioning systems in the building industry, is today announcing a £3.1 million funding round, led by venture capital investors Octopus Investments. The technology behind Spiralite® takes an organic, non-metal, pre-insulated material, which is formed into a duct for delivering heating, ventilation and air conditioning in domestic, commercial and industrial buildings.

This funding represents the first institutional investment into Spiralite®, which has already provided their energy-saving technology to projects including Marks and Spencer in Stratford City and Guy's and St Thomas' Hospital near London Bridge.

The Spiralite® patented technology is up to 40% more energy efficient than traditional metal ducts due to its virtually airtight construction and efficient shapes. This funding will allow the team to continue developing the product and further build out the team at their factory in West Thurrock and their second office in Manchester.

Social impact property fund reaches more than £46m as return investors up their commitment

The Real Lettings Property Fund, the largest impact investment fund in the UK, now stands at more than £46m after two high profile investors decided to significantly increase their initial commitments.

The trailblazing fund, which is managed by impact investment company Resonance in partnership with leading homelessness charity St. Mungo's Broadway, buys homes to let to homeless families in London.  The Fund is delivering both proven financial returns and positive social impact.

And in the past month both Big Society Capital and the City of London Corporation have committed to boost their investments. Big Society Capital will increase its commitment by £10m to a total of £15m while the City of London has committed to double its first investment to £1m.

Big Society Capital's second multi-million pound commitment and the increased investment from City of London demonstrates their confidence in the strength of the fund and highlights what it can provide for social investors.

NVM Private Equity sells its shareholding in Promatic Group creating a one-stop-shop for clay shooting products

 NVM Private Equity (NVM) has exited from Promatic, a leading manufacturer of automatic clay shooting traps used worldwide, to a syndicate led by Promatic senior management and including CCI International, a manufacturer and distributor of clay pigeon targets. The sale represents a money multiple of two times money on NVM's original investment.

NVM invested in Cheshire based Promatic in 2007, to support its management buy-out and allow the business to leverage its brand in both existing and new markets globally. For over 25 years, Promatic has been designing and fabricating market leading automatic clay machines and associated shooting equipment for the world's most prestigious shooting clubs and grounds. Since the business' inception in 1985, Promatic has built-up a reputation for manufacturing quality equipment; some of their first machines are still in use at commercial facilities in over 60 countries worldwide.