Aberdeen bosses spearhead management buyout.

Financial Adviser, June, 2009

Byline: Tamsin Brown

Private equity bosses at Aberdeen Asset Management have led a management buyout to create a new business called Maven Capital Partners.

The buyout was led by Bill Nixon, head of investment for Aberdeen's private equity division, along with senior executives Andrew Craig, Jock Gardiner, Stella Panu, Bill Kennedy and Andrew Ferguson.

They will have a majority stake in the new company with Aberdeen keeping a minority shareholder.

Mr Nixon, who has become managing partner of Maven, said: "The opportunity has now arisen to acquire the business and become an independent private equity fund manager, which is a natural evolution for the team more in line with current industry practice."

Martin Gilbert,...

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