Mobeus Fundraising Oversubscribed
Mobeus Equity Partners (“Mobeus”) announced today that it has closed its VCT Linked Offer for the 2014/15 tax year, raising £34 million. Mobeus experienced strong demand for the fundraising, which exceeded its original offer size of £24 million.
Following the close of its previous fundraising just over a year ago, Mobeus has had a very active new investment period, investing £29.6 million in five transactions. Buoyed by winning VCT Manager of the Year at the 2013 Unquote” British Private Equity Awards for the second consecutive year, Mobeus also made three senior appointments in its investment team.
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 histories.
“This is our second fundraising under the Mobeus brand following our own MBO in 2012 and it’s pleasing that they have both been oversubscribed. Our MBO investment strategy is delivering value and attractive tax free income for our investors. We now have over £220 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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