Jamie joins with 15 years’ of commercial banking experience supporting SMEs and mid-market clients across a range of transactions including corporate acquisitions, private equity buy-outs, restructuring and disposals, most recently for Lloyds Bank as a Relationship Director. Prior to his role at Lloyds Bank, Jamie worked at The Bank of Scotland, in a variety of client facing roles, dealing principally with mid-market clients and SMEs.
Strengthening Maven’s presence across the region, Jamie will work closely with SMEs and high growth businesses to help them evolve and achieve their growth plans. The appointment follows the recent announcement of Maven to manage the £27m NEDCF which will provide equity, debt and mezzanine funding of up to £2m to established businesses.
Maven’s North East team has been successfully investing in dynamic SMEs across the region for almost 20 years, led by Michael Vassallo, the team has also been active in the market through its management of the £20m Finance Durham Fund. Recent transactions include the £2.7m investment in intranet software specialists, Orchidsoft, and its backing of the craft distillery, Durham Gin.
Maven has significant experience of managing similar initiatives on behalf of the Northern Powerhouse and the Midlands Engine, and since 2009 has invested over £340 million in over 180 UK SMEs to support their growth ambitions.
Michael Vassallo, Investment Director of Maven said, “Jamie is a great new addition to Maven and we are delighted to welcome him to the team and strengthen the Maven brand across the North East. We have built a highly skilled team with considerable in-depth knowledge of the local SME market and a range of sector specialist knowledge that is allied to the national resource of Maven’s UK business.”
If your business is in need of finance to help unlock its growth potential, the North East Development Capital Fund may be able to help. Contact our team today on 0191 731 8590.