Maven backs Merson Signs
Maven Capital Partners has backed commercial signage manufacturer Merson Signs Ltd with a £900,000 mezzanine investment.
Further commitments of up to £3m will be made in the company through the Scottish Loan Fund, a country fund that makes investments of £250,000-5m.
The fresh capital partly funded the acquisition of the assets of wall cladding firm CGL Systems Ltd, which will enhance Merson's manufacturing capacity and diversify its operations. Funding from Scottish Enterprise and HSBC also supported the acquisition.
The deal coincides with an exit completed by the fund from Red Spider Technology, an energy services business the GP backed with a £5m mezzanine loan in August 2012.
Company
Founded in 1938 and based in East Kilbride, Merson Signs manufactures commercial signage. The firm has been involved in projects at Heathrow Terminal 5 and the London Olympics 2012. Services include design, manufacture, installation, project management and ongoing maintenance.
The firm employs 150 members of staff.
People
Investment director David Milroy led the deal for Maven.
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