Mobeus Sells Lightwork Design To Siemens

Mobeus Sells Lightwork Design To Siemens

Mobeus has realised its investment in Lightwork Design to Siemens PLM Software, a business of Siemens AG, the global conglomerate focusing on electrification, automation and digitalization.

Lightwork Design provides photo realistic rendering and collaborative virtual reality design review software which will enhance Siemens’ 3D data visualisation capabilities.

Mobeus originally invested £1.9m in the management buyout of Lightwork Design and Machineworks, a group of two companies known together as VSI Limited, in 2006. VSI was demerged in 2011 and Machineworks was divested to Dr Johannes Heidenhain GmbH, the large German machine tooling and encoder group, in 2014.

Total returns to the Mobeus VCTs from VSI represent a return of 4.8x money and a 29% IRR to shareholders.

Mobeus Partner, Ashley Broomberg, led the original transaction for Mobeus. Jane Reoch, Investment Director, who led the exit for Mobeus, said, ““When Mobeus invested in VSI we backed two extremely smart management teams. Each team developed highly innovative software and built excellent customer bases. As a result both Lightworks and Machineworks are now part of international corporates, bought for their strategic importance and best in class technologies.”

David Forrester, CEO, Lightworks, added, “Mobeus has been a great business partner to Lightworks. They have shown great support to me and the management team and brought a wealth of experience, which was a key part of our success today.“

– Ends –

For further information please contact:

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.

Return to previous page >