Aberdeen private equity execs lead MBO

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Senior executives at Aberdeen Asset Management have led a management buyout to create Maven Capital Partners, an independent private equity business.

The MBO was led by Bill Nixon, current head of investment at Aberdeen Asset Managers Private Equity. He was joined by senior executives Andrew Craig, Jock Gardiner, Stella Panu, Bill Kennedy and Andrew Ferguson. The company's investment strategy will continue to focus on private company investments and the management of client funds, including seven venture capital trusts. Maven will also continue managing funds on Aberdeen's behalf. Previously the Aberdeen private equity business was a standalone venture, which had been built up since 2004 to include £54m of VCT client funds invest...

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