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Saturday, July 13, 2024

Maven announces shared office agreements across the North West with Ludlow

Maven Capital Partners (“Maven”) has revealed it will be sharing regional offices across the Northern Powerhouse region with Ludlow (“Ludlow”), a wealth management company that was acquired by Mattioli Woods Plc (“Mattioli Woods”) in late 2021, just months after Maven confirmed that it had also been acquired by Mattioli Woods.

Ludlow will be sharing its Burnley, Preston, Southport and Liverpool offices with Maven, helping foster closer, more personable relationships between Maven and businesses in local communities. With Maven currently having offices in Manchester and Liverpool, its Liverpool office will be moving to a Ludlow office, and its Manchester office will remain. 

The arrangement will enhance Maven’s relationships with businesses across the North West. Maven’s North West team manage NPIF – Maven Equity Finance (“The Fund”), which is part of the Northern Powerhouse Investment Fund (“NPIF”) providing equity finance of up to £2 million to growing companies across the North West.

Based in the North West of England and with a growing presence in Scotland, Ludlow is one of the largest wealth management firms specialising in providing financial planning and wealth management solutions to clients who together have entrusted more than £1.8 billion of assets with them. 

Having been established for over 26 years, Ludlow has continued to provide vigorous financial advice to families and businesses, creating a strong reputation with a wide range of clients across the UK. Since the venture with Mattioli Woods in 2021, Ludlow has been commended for its strong cultural fit and client focused spirit, allowing the firm to expand its level of service to prioritise meeting and exceeding client expectations. 

Boasting one of the largest investment teams in the region, the office arrangement will allow Maven to further cement its local base across the Northern Powerhouse region, forging stronger relationships to generate a wider reach. Maven’s increased local and regional presence will help Maven best support ambitious and entrepreneurial businesses who are seeking capital to fulfil their growth potential.

As one of the largest regional UK economies, investment through NPIF – Maven Equity Finance will support a variety of early stage and established companies with funding ranging from £50,000 to £2 million.

Maven is planning to introduce its in-person ‘Meet the Investor’ events in its regional offices. These events will allow local businesses to participate in face-to-face sessions with members of Maven’s North West investment team, opening up conversations with potential clients and offering a personable introduction to Maven’s funding options across the region.

Ryan Bevington, Partner at Maven added: “We’re delighted to be able to expand our regional on the ground presence throughout the Northern Powerhouse region. Maven already had an unrivalled regional office network across the UK, and teaming up with Ludlow gives us a far greater regional presence in the Northern Powerhouse region than any other SME focussed equity funder. In additional, Ludlow are well networked within their local communities and we look forward to working with them to build on our relationships with ambitious local businesses.”

Debbie Francis OBE, Chair of the Lancashire Enterprise Partnership said: “Together, Maven and Ludlow will bring their shared vision and resources to Lancashire, fostering stronger relationships with local businesses and providing a solid foundation for growth. The shared office space will enhance Maven’s presence in the region, allowing them to best support entrepreneurial businesses in their quest for capital and success.”

Sean Hutchinson at the British Business Bank, said: “The shared office space across the North West with Ludlow reinforces Maven’s commitment to building stronger relationships with local businesses. As part of the Northern Powerhouse Investment Fund, this arrangement will allow Maven to better support early stage and established companies across the region with funding and in-person events.”

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank

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