NVM Private Equity has appointed Clive Austin as part of its expanding investment team. In his new role Austin will be covering the North West England. He joins NVM from Catapult Venture Managers where he established its Birmingham office. At Catapult he led an investment team focusing on private equity investments in the sub £2m range. Prior to that he was a director at 3i and worked in Birmingham, Dublin and Manchester.
Deal is Recover's 23rd acquisition since it was established six years ago, and the third since being acquired by EQT
Gimv formed the climate control business in 2016 by merging Itho Daalderop and Klimaatgarant
Corporate venture arm Shell Ventures leads the round for the IoT energy systems software platform
GP invests in the company via Wisequity V, which closed on its €260m hard-cap in July 2019