As it grows funds under management and pursues a broader investment strategy managing growth and buyout capital on behalf of retail and institutional investors, Mobeus continues to invest in its portfolio management capability, appointing Clive Austin as partner to lead the team and hiring highly experienced portfolio directors Jane Reoch and Ed Wass.
Welcome to the latest edition of Mobeus Insight.
The Mobeus VCTs are opening new share offers to raise, in aggregate, up to £50 million, with over-allotment facilities to raise, in aggregate, up to a further £30 million. Mobeus’s existing VCT asset base is approximately £200 million.
Ski Solutions, the London-based luxury winter sports travel experts, has attracted over £6 million of investment from Mobeus Equity Partners as part of a secondary management buyout.
Mobeus has grown from 25 to 34 people overall, which created a need to redesign our West End home. Fortunately, the wider Mobeus family, our investee companies, were ideally placed to make the refurbishment a huge success.
Mobeus is delighted to announce that it continues to develop its investment team, promoting Greg Blin and Amit Hindocha to Investment Director, and Dominic Draysey to Investment Executive.
Mobeus is delighted to have raised £166 million at the final close of its debut institutional fund, Mobeus Equity Partners IV LP (“Fund IV or the Fund”), surpassing its initial target of £150 million.
Mobeus has realised its investment in Entanet Holdings Limited (“Entanet”) in a £29m sale to AIM-quoted CityFibre Infrastructure Holdings plc (“CityFibre”). The deal represents an initial return of 2.5x for Mobeus-advised funds with potential for this to increase to in excess of 2.7x over the next two years. Initial IRR to shareholders is 38.7%, potentially increasing to 40.9%.
Mobeus has backed the management team of West Midlands based Arc Specialist Engineering (“Arc”) in a buyout of the Group. The investment in Arc is Mobeus's latest and largest from its recently raised institutional fund and its fourth in the 12 months since the fund’s first close.
Mobeus has provided £5 million of growth capital to Wetsuit Outlet , www.wetsuitoutlet.co.uk, one of Europe’s leading online retailers of technical clothing and equipment for water sports.
Mobeus has provided £8 million to back the management buyout of Ludlow Wealth Management Group, an independently owned financial planning business in the North West of England.
Mobeus Equity Partners has appointed Amy Reyniers as Marketing Director.
Mobeus has led a £3 million funding round for MyTutor, the leading digital platform with the potential to disrupt the £2 billion UK tutoring market, with participation from high-profile angel investors including Clive Cowdery (Resolution) and Thomas Hoegh (Arts Alliance).
Managing Partner Mark Wignall and Partner Ashley Broomberg discuss the process of raising Mobeus Equity Partners’ first £140m (€160.6m) institutional fund.
Mobeus is pleased to announce the latest closing of Mobeus Equity Partners IV LP (“Fund IV or the Fund”) taking total commitments to over £140 million and expects to complete fundraising by the summer.
Mobeus has appointed Josh Levy as Investment Executive to join the growth investment team.
Mobeus has provided £2.9 million of growth capital to Buster + Punch, a London-based interiors brand founded in 2012 by architect and industrial designer Massimo Buster Minale.
Mobeus is delighted to announce that Justin Maltz has joined the team as Portfolio Director.
Mobeus has provided £2.5 million of growth capital to Tapas Revolution, a UK restaurant chain offering Spanish tapas cuisine that was founded by celebrity chef Omar Allibhoy.