Mercia Fund Managers has expanded its equity team with the appointment of Matt Molyneux as Investment Manager.
A chartered accountant with 12 years’ experience in finance, Matt joins from BDO in Manchester, where he spent seven years in the transaction services team providing due diligence to private equity firms.
In his new role, he will be based at Mercia’s Manchester office as part of the EV Growth team, focused on investing in high-growth SMEs across the UK. Matt will be responsible for sourcing and completing investments and advising portfolio companies. His appointment follows the closing of the £45.1million EV Growth II fund in December 2017.
Wayne Thomas, who leads the EV Growth team, said: “Matt’s experience working with private equity firms and providing due diligence on businesses across a wide range of sectors makes him ideally placed to join the EV Growth team. His appointment comes as we continue to seek out and assess new investment opportunities and raise awareness of the new EV Growth II fund.”
Matt said: “Mercia’s EV Growth team has a strong track record and is investing in some of the North’s most dynamic SMEs. I look forward to working with ambitious management teams to help them grow their businesses.”
The EV Growth II fund makes investments of up to £5.0million in established and ambitious SMEs, looking to grow, with a focus on management buy-outs and replacement capital.