Vegetable importer and distributor
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.
Mobeus originally backed the MBO of Brookerpaks from Harrington Food Group in 2002.
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.
In December 2012, Mobeus sold its stake back to management through a refinancing of the business.
The investment generated total returns of nearly £2m from a £0.5m investment, a 26% IRR over a ten year period.
- Management Buyout
- Eric Tung