NVM Private Equity

Managing Partner Martin Green leads the investment team alongside Investment Partners Mauro Biagioni (who also serves as COO), David Rolfe, James Arrowsmith, and Andy Leach. The firm operates a partnership structure where team members co-invest personal capital alongside institutional funds, making each deal professional directly accountable for outcomes.

NVM maintains offices in Newcastle, Manchester, Reading, London, and Birmingham, with investment partners living and working in those regions. This distributed footprint gives the firm first-hand access to founder- and management-owned businesses across the UK regions — deals that often fall below the radar of larger, London-concentrated funds.

NVM invests directly into portfolio companies, typically through management buyouts or growth capital transactions. The firm writes equity cheques between £5 million and £15 million, targeting businesses with EBITDA of £1 million to £5 million. There is no indication that NVM operates as a fund-of-funds or makes LP commitments to external managers.

NVM targets management buyouts and growth capital opportunities in profitable UK businesses. While prior Altss research noted earlier-stage and venture activity, the firm's current stated criteria focus on MBOs and expansion capital for companies with at least £1 million in EBITDA — placing it firmly in the lower mid-market buyout and growth equity segment.

NVM publishes a positive sector screen covering Business Services, TMT, Industrials, and Health & Lifestyle. Sectors outside those four categories — such as financial services, pure real estate, hospitality, or natural resources — appear absent from both stated criteria and disclosed portfolio holdings.

NVM takes an operationally engaged, hands-on approach. The firm routinely appoints chairs to portfolio companies — as it did with Noted Aromas following its £31 million MBO — and provides strategic support for add-on acquisitions, geographic expansion, and technology adoption. The partnership's co-investment model means governance is reinforced by personal financial exposure in each deal.

NVM operates as a principal investor from its own funds and partner capital, with no public record of offering co-investment slots to outside limited partners or club-deal structures with competing firms. The firm presents itself as an independent, partner-led capital source rather than a syndicate originator.