Midven
VC · Manchester (United Kingdom)
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About
Midven Limited is a private equity and venture capital firm specializing in investing in seed/start-up, early stage, growth, emerging growth, management buy-outs, and management buy-ins investments in small and medium sized enterprises. It does not invest in land, commodities, futures, shares, securities or other financial instruments; dealing in goods (other than in normal wholesale or retail trades); banking, insurance, money lending, debt factoring, hire-purchase financing and other financial activities; property development; farming, forestry or market gardening; operating or managing hotels or nursing or residential care homes. It also does not invest in ‘Restricted Sectors’ referred to in Article 32 of the EC Treaty. These include certain agricultural, and food related sectors and other sectors of which examples are synthetic fibres and yarns, motor vehicles and certain heavy industries. The firm does not provide grant funding. The firm is sector agnostic and prefers to invest in companies working in the field of technology, synthetic biology, manufacturing, engineering, medical, biotechnology, environmental technologies, information & communication technologies (ICT), digital media, saas, software, hardware, consumer, and service sectors. It invests in the Midlands region of United Kingdom with a focus on West Midlands, Shropshire, Staffordshire, Warwickshire, Worcestershire, Herefordshire, and the Metropolitan Borough of the West Midlands (Birmingham, Coventry and the Black Country) with exception for the Rainbow Seed Fund. It seeks to invest between $0.02 million and £5 million ($6.44 million) in its portfolio companies with a turnover up to €40 million ($45.06 million), net assets of no more than €27 million ($ 30.41 million), minimum EBITDA of £0.25 million ($0.35 million) and sale value maximum €40 million ($45.06 million) and debt investment value between £0.025 million ($0.03 million) to £2 million ($2.57 million). The firm invests through a mixture of ordinary equity shares and either redeemable preference shares, subordinated loans and quasi equity instruments. It always takes an equity stake in its portfolio companies and assumes role of board members or advisors. The firm seeks to exit from an investment within five to seven years through trade sale. Midven Limited was founded in 1990 and is based in Birmingham, United Kingdom with an additional office in London, United Kingdom and Harwell, United Kingdom. As of April 8, 2021, Midven Limited operates as a subsidiary of Future Planet Capital.
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