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Applied Language Solutions secures GBP1.4m from CfE Fund

Maven Capital Partners as joint manager of the Capital for Enterprise Fund is investing up to GBP1.4m in Applied Language Solutions, a UK based language services provider.

The GBP75m CfE Fund is a government backed initiative launched in 2009 to help small and medium size enterprises in the UK gain access to the financial support required to bridge the funding gap caused by the credit crisis.

The investment made by the CfE Fund will support Applied Language Solutions’ development plans.

Applied Language Solutions was established in 2003 by chief executive Gavin Wheeldon. The business employs over 100 staff across 11 offices in nine countries.

Wheeldon says: "This investment will allow us to implement our strategic growth plan, which will take us into several new geographic territories in the coming months. To do this we will increase our sales presence both in existing offices and through additional recruitment in other countries, which will enable us to target growth markets, such as South America and Asia more effectively. The CfE fund’s investment was ideal for Applied Language Solutions and the team at Maven has been extremely supportive of our plans, we look forward to showing them the results of the investment in the coming months.”

Ryan Bevington, senior investment manager at Maven, adds: “Applied Language Solutions is an excellent business, providing high quality translation and interpreting services to an impressive client base. Chief executive Gavin Wheeldon and the management team have exciting plans for the business and Maven is delighted to be able to provide this investment from the CfE Fund to help the team achieve their strategic vision. This again demonstrates the value of the CfE fund in supporting ambitious UK businesses like Applied Language Solutions.”

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