Maven has fully exited its investment in CB Technology (CBT), a specialist electronics contract manufacturer (ECM), following its acquisition by Elite Electronic Systems. With a combined turnover of over £50 million, the acquisition creates one of the largest ECM operators in the UK while generating a return on investment of 2.85x cost for Maven’s investors.

Based in Livingston, Scotland, CBT provides high reliability electronics capable of operating in the harshest of environments, including extremes of temperature, pressure and vibration. Maven initially backed a management buy-in of CBT in 2014, following the retirement sale from the company’s founders.

This contributes to an extended period of exit activity for the Maven VCTs, following the exit from MirrorWeb (4.0x) last week, as well as exits from GradTouch (1.7x) and Quorum Cyber (8.2x) in June.

Find out more about the Maven VCTs here.

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