Maven achieves 4.7x return from partial realisation of Novatus Global

The Maven VCTs have partially realised their investment in Novatus Global (Novatus), a leading RegTech solutions provider, as part of a $40m investment in the company by US-based private equity firm Silversmith Capital Partners.

The transaction comes just over two years after Maven's VCTs first invested in the company and delivers a 4.7x total money multiple return for shareholders, inclusive of an ongoing minority stake in the business.

Founded in 2019 by entrepreneurs Andrew Hedley and Matthew Ranson (pictured), Novatus was established to create a tech-driven solution to better manage risk and regulation. Its award-winning transaction reporting technology and advisory solutions support a growing base of blue-chip clients in the financial services sector, helping them navigate the increasingly complex regulatory landscape. Novatus’ proprietary scalable En:ACT software allows clients to perform complex regulatory checks and identify issues within seconds, reducing costs and simplifying compliance.

Maven's VCTs first invested in Novatus in July 2022, with the funding allocated to expanding the team of technical advisors, enhancing sales and marketing efforts, and further developing its cutting-edge RegTech offering.

During Maven's investment period, Novatus significantly increased its annual recurring revenues by 13-fold, more than doubled its headcount, expanded internationally and made several strategic hires to its senior leadership team. The company has also established global sales partnerships which is expected to further accelerate the company’s growth and increase access to the company’s En:ACT technology.

"Maven’s partial realisation of its investment in Novatus is a fantastic result for our VCT shareholders whilst retaining an ongoing minority shareholding reflects of our continuing belief in the company and its future growth potential. As early investors who backed management to develop their market leading En:ACT technology, it’s gratifying to see the level of interest that there has been in the company from investors, culminating in today’s significant investment from Silversmith. This is testament to the founders Andrew and Matt and the growing team at Novatus who have excelled. The trust that its clients put in Novatus and the regulatory complexity driving the need for the En:ACT solution has driven real value in the Novatus business.

With new investment from Silversmith alongside Maven’s ongoing support we are confident that Novatus will continue to deliver for its clients, including further international expansion, notably in the US and are excited to be part of that journey.”      

Alan Robertson, Partner at Maven

“We are incredibly proud of the value we've delivered to our clients and of the trust Maven placed in us early on. This new investment will allow us to accelerate our growth aspirations and be recognised as the industry leader in developing specialist technology and expert-led advisory services that address our clients' mission critical challenges, while fuelling our ongoing international expansion, particularly in North America.” 

Matthew Ranson, Co-founder at Novatus