A market-leading data-capture business
Mobeus Equity Partners led the management buy out of Access-IS, a global market leader in data capture technology for the transportation and ticketing sectors.
Access-IS is the global market leader in data capture technology in the airport sector, with its hardware present in passport and boarding pass scanners in over 200 airports. Access-IS has revenues in excess of £11 million and employs over 60 staff.
Mobeus provided a combined debt and equity package to finance the £11 million MBO of Access-IS, investing alongside management for a significant minority stake. Deliverability in the required timescale and on the agreed terms was absolutely critical to the vendor. Mobeus won the deal on reputation and duly delivered the agreed terms on time.
Mobeus’s investment will be used to support the business’s further development into new verticals, such as ID and security (including providing solutions to global ATM suppliers) and to further expand its transport and ticketing solutions.
Mobeus had tracked Access-IS since 2012 when it initially engaged with the business. Since this time the team has been strengthened with the addition of CEO Guy-Franck Nakach, FD Colin Williams and Chairman Alistair Crawford (formerly CEO of Psion Plc, CMG and CSC).
Guy Blackburn from Mobeus has joined the Board.
- Business Services
- Management Buyout
- October 2015
- Chris Price