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.

Wignall commented:

“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”.

– Ends –

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.

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