MAVEN Capital Partners has realised its investment in control systems specialist EFC Group via a secondary buyout to a consortium of private investors, achieving a return for client funds of 3.8 times its investment.
Aberdeen-based EFC is a niche market leader providing monitoring systems and instrumentation to the oil and gas sector. The backing of Maven and its co-investment partner Simmons Parallel Energy Fund since 2009 has helped EFC more than double turnover and grow employee numbers from 50 to 150. The exit represents the latest profitable disposal by Maven's Aberdeen-based team, which in recent years has overseen the sale of high-growth energy services support businesses, including Nessco and Walker Technical, at return multiples of 2.7 and 2.9 respectively.
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