Maven exits SPS with 3x return

Maven first invested in February 2014 via a management buyout of SPS from 4imprint Group. Under its ownership, SPS made two bolt-on acquisitions: High Profile in June 2015 and TEC in November 2015.

Maven sold the company to PF Concept, part of the Polyconcept Group (PFC), a US multinational backed by Charlesbank Capital Partners, a US mid-market private equity firm. PFC is a promotional products supplier globally, selling into 100 countries.

Maven has made 13 exits since 2014, recently selling Crawford Scientific in October for a 4.7x return on initial investment.

Company
SPS is a UK provider of promotional merchandise, supplying 2,000 independent distributors in the UK and Europe. The company operates out of a 90,000 square foot site in Blackpool with manufacturing, branding and storage facilities, with two additional sites in Oxfordshire and Derbyshire. SPS employs more than 300 staff.

Previous Funding 
Maven backed a £7.25m MBO of SPS in February 2014. Debt finance for the deal was provided by PNC Business Credit.

People
Maven Capital Partners – Ryan Bevington (investment director).
SPS – Philip Morgan (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• UK / Ireland
• Consumer
• Maven Capital Partners
• Trade sale