Catapult and Opus unite

The deal sees the newly combined group overseeing four early-stage and growth venture capital funds, which total just less than £100m. The two entities will share offices and resources – Opus will, however, remain wholly owned by its partners and will not be regulated by the FCA.

Following the tie-up, Opus founder and managing partner Laurence Vaughan will become chairman of CVG while Nick Wright will be CEO. The former manager of Catapult, Rob Carroll, will chair three investment committees. Duncan Cameron, previously deputy managing director of Catapult, will become the group's CFO.

Opus was established in 2003 and funded by its three partners – Laurence Vaughan, investment banker Pater Main and Frank Sytner. Vaughan was CEO of car dealership Sytner between 1993-2003, overseeing the company's public listing in 1997.

Following the tie-up, CVM will move its headquarters to Burrough Court in Leicestershire, which is currently where Opus operates.

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