Provider of baby sleep solutions
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.
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.
Mobeus provided the full funding package, investing £5.7m as a Combined Debt and Equity package.
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.
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.
- Consumer Products
- Management Buyout
- March 2013
- Bob Henry