Arc Specialist Engineering
A group of niche manufacturing businesses
Mobeus invested £11.5m backing the management team of West Midlands based Arc Specialist Engineering in a buyout of the group.
Arc is Europe's largest producer of high quality non-stick coated steel for the bakeware industry through its Cooper Coated Coil division. In addition, it is the UK market-leader in the production of rolled steel products for the fenestration industry through its EWS division.
Mobeus invested £11.5m for a majority stake in Arc's secondary buyout from family office Greybull Capital. This was a complex deal, including a number of groups companies and a Jersey based holding company, which Mobeus was able to complete on a tight timetable through the provision of a single funding solutions, including debt and equity.
Management, together with the Chairman, has put together a growth plan based on capital expenditure and acquisitions. The business will invest in new production facilities to expand into adjacent markets, and is actively searching for acquisition opportunities to complement the core strengths of the business.
Richard Babington led the deal for Mobeus, supported by Freddie Bacon and Dominic Draysey, and has joined the Board. Mobeus introduced industry veteran Nick Templeton-Ward, who has joined as Chairman.
- Management Buyout
- July 2017
- £11.5 million
- Richard Babington