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Maven VCTs exits GP Service through sale to Kanabo Group

Maven Capital Partners (Maven) has realised its investment in GP Service (GPS), an authorised provider of online services for general medical consultations and prescriptions, through a sale to LSE listed Kanabo Group (Kanabo) which generated a 1.95x return on cost for VCT shareholders.

GPS offers a secure end-to-end system that allows patients to consult with qualified doctors via online assessment questionnaires and through secure video chat. 

The Maven VCTs originally invested GBP2.5 million in GPS in 2016 and supported the company’s growth through two further funding rounds.

The acquisition by Kanabo will support the continued growth of GPS’ digital and telemedicine business, and is part of Kanabo’s wider strategy to use M&A alongside organic growth to build a pan-European company.

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