Maven Capital Partners has completed a £20 million management buyout of a leading UK supplier and distributor of high-specification door and window hardware.

The Glasgow-based firm - one of the UK’s most active private equity houses - said the investment in Manchester-based UAP Limited is its second from its new buyout fund, having earlier this year led an investment in Scottish-based John McGavigan Limited.

The transaction includes an equity investment of £8.7m from Maven and significant reinvestment from the senior management team.