Brookerpaks

Vegetable importer and distributor

www.brookerpaks.co.uk

Mobeus Equity Partners sold its longstanding investment in Brookerpaks back to management.

Brookerpaks is a specialist supplier and distributor of garlic and other vegetables to UK supermarkets.

ORIGINAL DEAL

Mobeus originally backed the MBO of Brookerpaks from Harrington Food Group in 2002.

IMPACT

Despite operating in a competitive market and facing pricing pressure from the purchasing power of the multiples, the company maintained a solid and consistent financial performance throughout the ten year investment period.

SALE

In December 2012, Mobeus sold its stake back to management through a refinancing of the business.

MOBEUS RETURNS

The investment generated total returns of nearly £2m from a £0.5m investment, a 26% IRR over a ten year period.

Information

Eric Tung
Sector:
Food
Type:
Management Buyout
Status:
Realised
Leader:
Eric Tung