Automated Systems Group
Independent supplier of printer and copier services
Mobeus Equity Partners provided £2m of follow on investment into portfolio company Automated Systems Group (ASL), a leading provider of printing and copying solutions to SMEs and the education sector.
ASL was founded in 1991, employs 90 people and has annual revenues in excess of £15m.
Mobeus originally invested £4.3m to support the MBO of ASL in December 2010. A further £2m follow on investment was provided in April 2011 to support ASL’s buy and build strategy, funding the acquisition of Transcribe Copier Systems.
Mobeus put together a £4m funding package to fund the acquisition comprising £2m investment from Mobeus and £2m of bank term debt.
Mobeus introduced the current Chairman, Dick Steele, and a new Finance Director following the original investment.
The opportunity to make the acquisition came earlier than anticipated after the original MBO. However, Mobeus was able to act quickly which enabled ASL to capitalise on the opportunity and significantly increase its size.
- Business Services
- Management Buyout
- December 2010