Manchester-based compliance and preservation software provider MirrorWeb has secured a £50 million growth equity investment from US firm Mainsail Partners. The investment involves a majority stake acquisition, generating impressive returns for previous investor Maven Capital Partners—5.1x for NPIF Maven Equity Finance and 4x for Maven VCTs. MirrorWeb’s platform, Insight, has gained traction particularly in the US, aiding financial institutions in meeting stringent regulatory requirements. With this new investment, MirrorWeb aims to further support financial institutions in maintaining compliance and digital preservation. New board members from Mainsail Partners and Nadavon Capital Partners will join MirrorWeb, signaling significant growth and future prospects. The transaction allows Maven’s VCT funds to retain an equity stake in MirrorWeb, ensuring continued growth and shareholder value.
RegTech, Private Equity, Financial Services,United Kingdom, United States
https://businesscloud.co.uk/news/50m-growth-equity-deal-for-manchesters-mirrorweb/