MVI : Marwyn invests in Haversham Holdings
Marwyn Value Investors LP (the master fund that underlies Marwyn Value Investors Limited) is investing £8.95m as part of a £30m fund raise for Haversham Holdings. Haversham Holdings is a new shell company that is floating on AIM. Haversham will target acquisitions in the UK & European automotive, support services, leasing, engineering or manufacturing sectors of businesses with enterprise values between £250m and £1bn.
This is the first new investment that shareholders in Marwyn Value Investors Limited will have access to since Breedon Aggregates. Marwyn like to back management teams to grow businesses by acquisition. The team in the case of Haversham is led by Avril Palmer-Baunack (pictured). Avril Palmer-Baunack is Chairman of Molins and Redde and has been Chairman of Helphire Group. CEO of Autologic Holdings and Universal Salvage and a non-executive director of Alexon Group. In 2013 she was made Executive Chairman of Stobart Group but was ousted after three months. In March this year she became non executive Chairman of Quartix.