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Maven backs ISN Solutions with £4.6m investment

14 Mar 2014

ship boat oil tankerPrivate equity firm Maven Capital Partners has led a £4.6m investment round for in IT support and services business ISN Solutions.

The company provides consultancy, project management and outsourced IT services to upstream exploration and production oil and gas companies.

Maven said that ISN plans to expand into Aberdeen’s market where the private equity firm has a long track record of oil & gas investments.

Maven partner Stella Panu said, “Maven Capital Partners is delighted to announce the completion of a strategic investment in London based ISN Solutions Ltd, a specialist IT services provider to the Oil and Gas sector.

“The ISN Solutions management led by David Greenwood has been hugely successful in growing the business over the past five years, and we look forward to working with the team to help them meet and exceed their ambitious plans for the future.”

Last November Maven invested £5m in Global Risk Partners (GRP) as part of a £55m round led by Penta Capital.

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