Mobeus Fundraising Oversubscribed
Mobeus Equity Partners (“Mobeus”) announced today that it has closed its VCT Linked Offer for the 2012/13 tax year raising £24 million. Mobeus experienced strong demand for the fundraising, which exceeded its original offer size of £21 million.
2013 has started well for Mobeus. Buoyed by winning both 2012 accolades of VCT of the Year at the Investor AllStars Awards and VCT Manager of the Year at the “unquote British Private Equity Awards, Mobeus has already invested £10 million in two new investments this year. These are the MBO of Gro Group, the Devon-based nursery brand, and financing portfolio company Motorclean’s acquisition of Forward Valeting Services to create the UK’s largest provider of car valeting services.
Mobeus Managing Partner, Mark Wignall, believes that investors were attracted to invest in the Offer by the firm’s MBO transaction focus and the VCTs’ performance track records and dividend payment history.
“This is our first fundraising under the Mobeus brand following our own MBO last year and it’s pleasing to see it oversubscribed. Our MBO investment strategy is delivering value and attractive tax free income for our investors. We now have over £170 million of evergreen funds under management. This is a significant pool of long-term capital for high quality UK smaller companies seeking finance and we look forward to backing many more successful and ambitious management teams”.
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Issued by Mobeus Equity Partners LLP, of 30 Haymarket, London SW1Y 4EX, registered in England & Wales number OC320577, authorised and regulated by the Financial Conduct Authority, number 456538. This material is for information only and does not constitute an offer to buy or sell an investment nor does it solicit any such invitation. The information contained in this email is believed to be accurate at the date of publication but no representation or warranty stated or implied is made or given by any person as to its accuracy or completeness and no responsibility or liability is accepted for any such information or opinion.