Mobeus uploads another high quality investment
Image provided by Image Source, a former Mobeus investee company (www.imagesource.com)
Mobeus Equity Partners (“Mobeus”) is pleased to announce a £6million investment as part of the £14million management buyout of Entanet International Limited (“Entanet”), one of the UK’s leading independent wholesale voice and data communications providers. The investment will enable the business to continue to expand and help channel resellers to take advantage of the increasing demands from UK businesses for high quality Internet services and especially bespoke solutions.
The company provides a diverse portfolio of business class data and voice services via a network of over 2,000 wholesale and reseller channel partners in the UK. Headquartered in Telford and with over 80 staff, Entanet has built a strong market leading reputation through its consistent service quality, innovative thought leadership and absolute dedication to its channel-focused strategy which has been recognised through many leading industry awards including best Channel ISP in the Comms Dealer National Awards 2013 and Best Business Fixed Broadband provider at the 2013 ISPA Awards.
Entanet is led by Elsa Chen who has been responsible for the strategic development and growth of the business to revenues of c. £27 million. As part of the transaction, Mobeus has introduced Richard Atkins as investing Chairman. Atkins has significant telecoms experience and a strong track record in delivering growth in private equity backed businesses. Atkins was previously Non-Executive Director of Global Crossing UK plc, Morse plc and MessageLabs Group Ltd.
Ashley Broomberg, Partner of Mobeus commented: “When I first met Elsa Chen, I recognised a rare entrepreneurial talent. She has the energy and vision to take this business to another level and we are delighted that we have been chosen as Entanet’s investment partner to help Elsa and the rest of her management team achieve their ambitions.”
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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.