Shared values unite growing health tech company and leading European healthcare investor

Transaction

Mayden Ventures Limited on its investment from G Square Capital

Sell-side

Undisclosed

Role

Adviser to Mayden on its partnership with G Square

Sector

Healthcare
Tech & Tech Services

Region

United Kingdom

Clearwater has advised Mayden, the growing health tech company behind iaptus, the market-leading Electronic Health Record (EHR) for psychological therapies in the UK, on its partnership with leading European healthcare investor, G Square, to support the company's ambitious plans for growth.

Over the last 20 years, Mayden has worked closely with its healthcare customers and industry experts to design and build insightful software to support healthcare services; enabling outcome focussed, data driven and patient-centred care.

Mayden’s flagship product - iaptus - is customised to meet the clinical demands of healthcare services, providing healthcare professionals with a variety of additional features to maximise the benefits to services, clinicians and patients. iaptus is used by over 200 mental health services across public, private and voluntary sectors, and it securely holds 8 million patient records and is trusted by over 40,000 users in the UK and internationally.

This partnership marks a milestone in Mayden’s journey and reinforces its commitment to continue to design, build and support insightful and interoperable systems for healthcare services in the UK and abroad.

Mayden recognised that to support their next phase of growth, it required a partner who brings expertise in growing healthcare related companies and shares its views on the challenges and opportunities for healthcare services globally.

The UK Clearwater team was supported by Managing Director, Bryan Cloncs and Vice President, Benton Au from its US partner Cain Brothers, a division of KeyBanc Capital Markets.

There are few decisions in the course of running a business that are as important as choosing the right investment partner. We had a set of criteria in mind when we began the process; we wanted a partner that shared our values, who understood our purpose, our customers and our business, and that would work alongside us to accelerate our growth. We are really pleased to share the news that we have partnered with G Square. Their support will be invaluable in supporting us to help more services both in the UK and abroad to deliver outcomes focused care. Clearwater took the time to really understand what was important to us. They worked closely with the director team and helped us to navigate an incredibly intense and complex process with patience, tenacity, intelligence and sheer hard work. Their expertise was invaluable and I can honestly say that we wouldn't have got the outcome we did without Clearwater's guidance. I would have no hesitation in recommending them to other business owners seeking investment.
Chris May, Founding Director, Mayden

We are delighted to partner with the team at Mayden to further their vision for making a difference in mental health and community health through data driven healthcare. We look forward to supporting the company in its ambitions for continued growth and for delivering excellence to customers and stakeholders.
Yasemin Arik, Investment Director, G Square

We are delighted to have been involved in bringing together an innovative, expert healthcare SaaS business and a leading healthcare investor. Our combined team across M&A, debt and financial modelling enabled us to support Mayden in finding a like-minded, well-suited investor in G Square which can support its ambitious future plans. We are thrilled by the outcome for both companies.
Hemavli Bali, Director, Clearwater