Maven exits Prime Document for 2.6x return

The acquisition will allow UnifiedPost Group to enter the UK market and expand Prime's product offering. Prime will now operate under the name UnifiedPost UK, and its Manchester location will become the UnifiedPost group's UK headquarters.

Clydesdale Bank provided debt for Maven's original investment.

Previous funding
Maven's Investor Partners network backed the management buy-in of Prime in 2016. Maven Investor Partners is a syndicate of institutional and high-net-worth investors, some of whom have been working in partnership with the Maven team since 2006.

Company
Found in 1999 and based in Manchester, Prime specialises in printing, postage and digital transactional document processing and distribution. It can process transactional data and convert it into records such as invoices, payslips, tax records, and statements. It has a workforce of 25 people and reported a turnover of £6m for the year ending on 31 March 2019.

People
Prime Document – Martin Hurley (managing director).
Maven Capital Partners – Ryan Bevington (investment director).

Advisers
Vendor – Mazars, Dave Hilton, Joseph Quiligotti (financial due diligence); Squire Patton Boggs, Darren Warburton, Rebekah King (legal).

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• Topics
• Exits
• UK / Ireland
• Support services
• United Kingdom
• Maven Capital Partners
• Squire Patton Boggs
• Mazars
• Trade sale