Mobeus gets the green back

Image provided by Image Source, a former Mobeus investee company (www.imagesource.com)
Image provided by Image Source, a former Mobeus investee company (www.imagesource.com)

Mobeus Equity Partners (“Mobeus”) today announces the sale of its portfolio company Monsal Holdings (“Monsal”) to the General Electric Company (“GE”). 

Based in Mansfield, Monsal is one of the UK's leading Advanced Anaerobic Digestion (“AAD”) and integrated biogas-to-energy businesses.  

The company is a major supplier of technology for AAD infrastructure projects in the water and waste markets, providing a complete technology package to utilities, waste management companies and energy developers enabling them to turn waste into renewable energy.

Mobeus originally backed the management buyout of Monsal in 2007 and provided additional capital to the business in two subsequent rounds of funding in 2009 and 2011.  The disposal to GE results in an overall 1.9x cash return to the Mobeus advised VCTs.

Eric Tung, Partner, comments:

“Mobeus would like to thank Monsal’s management team for its hard work producing a return to all stakeholders of the business.  We consider ourselves to be supportive investors and it is particularly pleasing that we were able to provide funding for the various development stages of the business and, as a result, to have secured a sound financial return for our investors.  Mobeus wishes Monsal, its management and staff all the best for the future with GE.”

Aidan Cumiskey, Managing Director of Monsal, comments:

“Since Mobeus’s investment in Monsal, a combination of the effects of this capital intensive sector, the technology development opportunity and the cyclical nature of water industry infrastructure investment programmes created a requirement for a flexible funding partner so that our business could reach its full potential.  Mobeus assisted the business through the various development phases with additional funding and Monsal has subsequently firmly established itself with a number of significant references for the blue chip water and waste markets.  We want to thank Mobeus for their invaluable support and now look forward to being part of the GE family.”

– 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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