Gro

Provider of baby sleep solutions

gro.co.uk

Mobeus Equity Partners backed the MBO of Gro Group, market leader in the baby sleep category.

Gro employs 32 staff and has turnover of c. £12m.

DEAL

Mobeus provided an integrated finance solution, allowing the management team to complete the MBO from the founder shareholders in a tight timescale with high certainty of deliverability.

FINANCE

Mobeus provided the full funding package, investing £5.7m as a Combined Debt and Equity package.

MANAGEMENT SOLUTION

Mobeus helped management recruit Jules Hydleman as Chairman. Jules has extensive experience of brand development plus rapid growth and value creation as Chairman of Innocent Drinks. Hydleman also led the MBO and sale of Christy Group, the UK’s leading dress up costume designers.

TRANSACTING EXPERTISE

Mobeus has supported the South West professional community for many years and its longstanding reputation for fair play and delivery gave confidence to the vendors, management team and advisors that the deal would complete in accordance with the agreed heads of terms.

 

Information

Bob Henry
Sector:
Consumer Products
Type:
Management Buyout
Status:
Current
Date:
March 2013
Leader:
Bob Henry