CSEM Technologies Secures £250,000 Funding from MEIF II
Deal News | Feb 26, 2025 | Maven Capital Partners
The Midlands Engine Investment Fund II (MEIF II), managed by Maven Capital Partners, has achieved over 100 deals since its inception, facilitating £27 million in investments into businesses in the Midlands with an additional £10 million in private sector capital. Recent recipient CSEM Technologies, a Derbyshire-based air compressor specialist, secured £250,000 to enhance its business by hiring skilled engineers, upgrading infrastructure, and expanding into new market sectors. This funding support exemplifies MEIF II's role in providing flexible finance to grow businesses across various sectors, underscoring a robust business environment in the Midlands. Under the MEIF II initiative, Maven offers financial support through loans ranging from £100,000 to £2 million, aiming to boost early to late-stage businesses with diverse financial needs.
Sectors
- Finance
- Engineering
Geography
- United Kingdom – The Midlands Engine Investment Fund II is based in the UK and targets investment in businesses across the Midlands region.
Industry
- Finance – The article discusses financial investment and funding activities through the Midlands Engine Investment Fund II managed by Maven Capital Partners.
- Engineering – CSEM Technologies, a company involved in engineering activities like air compressor installation, is a central focus of the article.
Financials
- £250,000 – Debt finance package secured by CSEM Technologies from Midlands Engine Investment Fund II.
- £27 million – Total investments made by Midlands Engine Investment Fund II into Midlands businesses to date.
- £10 million – Private sector investment unlocked by Midlands Engine Investment Fund II.
- £400 million – The size of the Midlands Engine Investment Fund II.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CSEM Technologies | Target | Company | A Derbyshire-based air compressor installation specialist that received funding. |
| Maven Capital Partners | PE Firm | Company | The fund manager of the Midlands Engine Investment Fund II responsible for providing finance to businesses. |
| British Business Bank | Other | Company | Endorses and supports the investment fund to facilitate growth in Midlands businesses. |
| Andy Crone | Individual | Person | Managing Director of CSEM Technologies. |
| Richard Brighty | Investment Manager | Person | Investment Manager at Maven responsible for managing investments. |
| Jody Tableporter | Director | Person | Director of Nations & Regions Investment Funds at the British Business Bank. |