Maven Capital Partners has funded a £3.6million recapitalisation of Westway, a London-based facilities management business founded in 2001 where Maven backed a management buy-out in 2009.

The deal increases Maven's equity stake in the business and delivers a 1.6 times return on client funds prior to any future exit. Westway's focus is on heating, ventilation and air-conditioning maintenance for blue-chip clients across a range of sectors, and Maven's backing has helped grow its footprint throughout London and the South East and build turnover to £30m. The deal is Maven's tenth private equity transaction in 2014.