Mobeus Supports British Design
Mobeus Equity Partners 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. The capital will support the business’s international expansion plans and the broadening of its product range. This transaction represents Mobeus’s sixth growth capital deal in the last twelve months, taking capital committed to almost £17m.
Buster + Punch started in a small garage in East London, where it built the “world’s first designer LED light bulb” (Buster Bulb) and made its name with its industrial-inspired lighting. The business has expanded its product offering to include electrical goods, hardware, furniture and accessories. Buster + Punch’s work is inspired by London’s fashion and music scenes and it has set itself a challenge to transform all those ordinary everyday fittings in your home into the most extraordinary ‘must-haves’.
Since inception the business has delivered consistent growth, with revenues growing in excess of 75% in each of the last two years. Buster + Punch’s products are now sold in over 50 countries, both directly to end-consumers, designers and architects, and through well-known retailers including John Lewis, Harvey Nichols and Harrods. Buster + Punch also operates a showroom in London and a retail store in Sweden, employing 25 people.
The business has just launched two new lighting ranges: Caged is a collection of architecturally-designed modular lighting solutions inspired by the steel skyline of London, while Stoned is inspired by the warmth of Victorian-era candlelight, both using Buster + Punch’s innovative LED technology.
Greg Blin led the deal for Mobeus and will join the board. He said: “We are delighted to be involved with Buster + Punch, a premium-branded, fast-growing global business which has built a reputation for its product quality and distinctive designs. We look forward to working with an excellent team to support the business achieve its international growth plans.”
Massimo Buster Minale, Founder and Creative Director of Buster + Punch said: “I started Buster + Punch building custom motorbikes which slowly gave birth to the full range of home detailing products we sell today. The only bike I never managed to finish was an old Indian, it has a deep glossy red tank and is finished with hand-lathed bronze details. People ‘gasp’ when they see it standing still in the corner, longing for the day it will finally see the sun. Well today is that day – our new partnership with Mobeus means that Buster + Punch (and my old Indian) finally get the fuel they need to show the world what they have been missing.”
FDD was carried out by Irfan Harris of Capital Flex Ltd. LDD was carried out by Marriott Harrison. Stratton HR conducted HR diligence.
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