Completion of Newable Ventures Acquisition

Mattioli Woods

03/04/2024 17:09

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RNS Number : 2199J  Mattioli Woods PLC  03 April 2024

3 April 2024

 Mattioli Woods plc

("Mattioli Woods")

Completion of acquisition of Newable Ventures Limited by Maven Capital
Partners UK

 

Further to our announcement on 1 December 2023, Maven Capital Partners UK LLP
("Maven"), part of Mattioli Woods plc (AIM: MTW.L), the specialist wealth
management and asset management business, is pleased to announce that it has
completed the acquisition of the entire share capital of Newable Ventures
Limited ("Newable") from Newable Capital Group Limited.

 

The acquisition allows Maven to expand its activities into direct Enterprise
Investment Scheme ("EIS") investment and provide emerging businesses with an
additional way to access venture capital, and a new avenue for investors to
invest tax-efficiently in smaller UK companies with high growth potential.

 

- Ends -

 

 For further information please contact:

 Mattioli Woods plc
 Ian Mattioli MBE, Chief Executive Officer
 Ravi Tara, Chief Financial Officer

 Michael Wright, Deputy Chief Executive Officer   Tel: +44 (0) 116 240 8700
 Bill Nixon, Maven Managing Partner               www.mattioliwoods.com
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 Canaccord Genuity Limited (Nominated Adviser and Joint Broker)
 Emma Gabriel                                                                                                                                                                                                                                                          Tel: +44 (0) 20 7523 8000
 Harry Pardoe                                                                                                                                                                                                                                                          www.canaccordgenuity.com
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 Singer Capital Markets (Joint Broker)
 Tom Salvesen
 Charles Leigh-Pemberton                          Tel: +44 (0) 20 7496 3000

 James Moat                                       www.singercm.com
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