Midven, through its Exceed Fund, is investing £500k to support the management buy-out (MBO) of construction management and compliance consultancy Confluence Management Limited.
The current management team, comprising Christian Bucknall, managing director, and Robert Goemans, finance director, are acquiring the company from the Confluence Group, a Singapore-based international construction management group.
Confluence Management provides a complete construction management solution from concept through to completion with a specific expertise in luxury hotel refurbishment and development, higher education establishments and data centres.
The company is to relocate its head office to Birmingham, where it already has an operational office, whilst retaining its offices in London, Manchester and Glasgow.
Clients include a major supermarket group, hotel groups and property consultancies.