Mattioli Woods-backed Maven Capital Partners completed the acquisition of Newable Ventures from Newable Capital.

Mattioli Woods-backed Maven Capital Partners, a private equity firm, completed the acquisition of Newable Ventures, a venture capital company, from Newable Capital. Financial terms were not disclosed. "As part of the continuing evolution and growth of the Maven business we have been keen for some time to add an EIS capability to our client offering. The acquisition of Newable Ventures Limited is an important step forward in completing our objective of providing a full suite of best-in-class client products, which offer access to fast growing private company investments, often on a tax assisted basis. The recent announcement in the Government's Autumn budget statement that the EIS and Venture Capital Trust schemes will be extended through till at least 2035 ensures that these products will remain at the forefront of financial planning and portfolio diversification for investors. We look forward to welcoming the Newable team to Maven," Bill Nixon, Maven Managing Partner.