ProVen boosts UK coverage

The private equity firm that focuses on smaller UK companies has appointed Jeff Bocan to its investment team.

UK private equity investor ProVen Private Equity has recruited former Saffron Hill Ventures associate Jeff Bocan to the firm’s investment team. Whilst at Saffron Hill, Bocan was principally involved in market analysis and due diligence activity within the technology sectors covered by the firm, particularly enterprise software and enabling media technology. Prior to Saffron Hill, he was an executive marketing consultant for BMW North America.

ProVen’s most recent investment saw them invest £1.5m in Loch Fyne Restaurants, the seafood restaurant group. Proven was the lead investor in the latest, second round funding and was the firm’s second investment in Loch Fyne. ProVen said that its original investment in the restaurant business two years ago had almost doubled in value.  

ProVen specialises in private equity investments for smaller companies valued at below £10m. focusing on MBOs and development capital for established businesses. The firm typically invests between £800,000 and £5m in any one company. ProVen Group manages a total of £142m and has offices in London, New York, Los Angeles and Helsinki.