Maven Capital Partners (Maven) has exited its investment in DPP Limited (DPP), a specialist mechanical and electrical (M&E) maintenance contractor, through a sale to an undisclosed UK private company. The realisation has generated a return of between 2.1x and 2.5x cost for Maven client funds.
Originally founded as a family-run business, DPP has grown into a multi-region M&E services provider with over 180 employees and turnover of £19m. The business has developed with a focus on the hospitality and retail sectors, working with clients such as Greene King, Whitbread, Premier Inn, Wagamama and Iceland.
Southampton-based DPP provides a range of services including planned preventative maintenance, reactive repairs, project-led installation and refurbishment works. Its offering spans technical areas such as heating, cooling, ventilation, electrical testing, and safety system compliance.
Maven first backed the business in 2013, and during that investment period DPP has strengthened its operational infrastructure, broadened its customer base, and enhanced its service delivery model to better support the needs of large hospitality and retail clients.
