Nicola Holloway joins Maven as portfolio director and will be based in Glasgow.
She will work closely with the private equity house’s Scottish portfolio companies and support new investment activity.
Ms Holloway joins from Glasgow-based engineering company Weir Group, where she served as corporate development manager since 2023, supporting the mergers and acquisitions strategy and execution, Maven noted.
The private equity house added: “Prior to this, she spent 12 years at Grant Thornton, building extensive experience advising owner-managed and private equity backed businesses on corporate finance transactions.”
Andrew Leslie is also joining Maven as portfolio director in Glasgow. He will be responsible for the portfolio companies and “supporting them on their growth journey alongside the investment team”, Maven said.
Mr Leslie joins Maven from Scottish investment firm N4 Partners, where he was investment director since its inception in 2020.
He previously worked at accountancy firm PwC and Leslie Corporate Finance and is a chartered accountant with significant experience advising entrepreneurs, management teams and investors, Maven noted.
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Maven declared: “The two appointments further enhance Maven’s highly experienced Scottish investment team, which has a strong and proven track record of backing ambitious, high-growth businesses across the region. Having supported a substantial and growing number of ambitious businesses throughout Scotland, the expanded team will continue to work closely with management teams, providing hands-on support, strategic guidance and access to Maven’s wider national network.”
It added: “Maven’s Scottish investment team actively invests across the country, supporting growth-focused companies with the potential to scale, create jobs and deliver long-term value. The team deploys capital through a range of Maven-managed funds, including IFS Maven Equity Finance – one of a series of nations and regions investment funds launched by the British Business Bank – helping to increase the availability and diversity of growth capital for Scottish companies and backing those that may not otherwise access investment.”
David Milroy, partner at Maven, said: “We are delighted to welcome Nicola and Andrew to Maven. Both bring excellent investment and corporate finance experience and are highly complementary to our existing team.
“We now have a team of 12 investment professionals, which underlines our long-term commitment to Scotland and our belief in the quality and depth of opportunity. Maintaining a strong, locally based team is fundamental to our regional-led approach and allowing us to work closely with the management teams we proudly support.”
Maven managing partner Bill Nixon told The Herald last September that Maven is “poised for growth”, highlighting its long-term commitment to its Glasgow base and the skills and loyalty of staff in the city.
And he described Maven as a “Glasgow success story”.
Mr Nixon highlighted the growth achieved by the investment house – which he founded in 2009 – since it was acquired by wealth management group Mattioli Woods in 2021 for up to £100 million.
At the time of the acquisition, Maven had assets under management of £772m, including both the regulated and unregulated assets managed by the Glasgow investment house.
The equivalent figure was by last September £944m.
Mr Nixon noted that Mattioli Woods had in 2024 been taken private by asset manager Pollen Street, founded and led by Glaswegian Lindsey McMurray.
