Arc Specialist Engineering

A group of niche manufacturing businesses

www.arcspecialist.co.uk

Mobeus invested £11.5m backing the management team of West Midlands based Arc Specialist Engineering in a buyout of the group.

THE BUSINESS

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.

THE DEAL

Mobeus invested £11.5m for a majority stake in Arc's secondary buyout. 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 solution, including debt and equity.

THE PLAN

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.

THE PEOPLE

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.

Information

Richard Babington
Sector:
Manufacturing
Type:
Management Buyout
Status:
Current
Date:
July 2017
Value:
£11.5 million
Leader:
Richard Babington