Mobeus Manufactures Buyout of Arc Specialist Engineering

Mobeus Manufactures Buyout of Arc Specialist Engineering

Mobeus Equity Partners ("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.

Arc is Europe’s largest producer of high quality non-stick coated steel for the bakeware industry through its Cooper Coated Coil (“CCC”) division. In addition, it is the UK market leader in the production of rolled steel products for the fenestration industry through its EWS division.

The buyout of Arc sees Mobeus backing Arc’s management team to lead the Group into the next stage of its development. Arc’s senior management team includes Chief Executive Officer Andy Richardson, Group Finance Director Chris Manamley, CCC’s Managing Director Kevin Tranter and the Managing Director of EWS, Merv Richards.  Industry veteran Nick Ward will assume the position of Chairman of Arc on completion. The deal was introduced to Mobeus by Ray Harris of Odyssey Corporate Finance, who represented Management in the transaction.

Richard Babington, the Mobeus Partner who led the transaction said, "We are delighted to be backing an extremely high quality team at Arc. I am incredibly excited about the potential for the Group to develop its market leading positions by continuing to invest in the expansion of its operations."

Andy Richardson added: “We are delighted to partner with Mobeus in this investment. Arc is a company that is ambitious and this investment will facilitate further growth. We partnered with Mobeus because of their ethos of taking an open and clear approach and delivering on promises. These reflect Arc’s values and the relationships it seeks with its employees, customers, suppliers and all other stakeholders. Arc intends to increase its pursuit of new markets and additional acquisitions following this investment.”

Freddie Bacon and Dominic Draysey also worked on the transaction for Mobeus, while RBS Invoice Finance provided bank debt for the deal.

Mobeus was advised on the transaction by Gowling WLG LLP (Andy Stylianou, Ragi Singh, Neil Hendron, Navin Prabhakar), Mazars LLP (Julian Clough, Adam Foster), CIL Management Consultants Ltd (Jon Whiteman, Laurence Ludgate), Cadence Advisory LLP (Karl Holmes, John Weedon), BDO LLP (Alistair Kirkbright) and Highwire Consulting Ltd (Annie Gray, Sandra Aldridge).

In addition to Odyssey Corporate Finance, Management was advised on the transaction by Higgs and Sons (John Heaton and Jody Webb).

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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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