A leading design and innovation consultancy
Mobeus led the MBO of Kinneir Dufort, a leading design and innovation consultancy.
Kinneir Dufort is a Bristol-based design and innovation consultancy. Established in 1977, it has created a number of classic designs including the UK’s first pocket cellphone and the original washing machine detergent ball. It provides services to a range of blue-chip clients including Roche, Thales, Unilever, Shell, Smith & Nephew, Honeywell and Coca-Cola. The company has annual revenues of £7.9m and 75 staff.
This was a succession management MBO which enabled the majority of the previous shareholders to retire from the business.
There is strong underlying market growth for outsourced design services as products become more complex and customers more demanding.The company plans to maximise cross-selling opportunities from its client base, to continue to broaden its sector reach and to expand geographically.
The investment was led by Richard Babington, with support from Freddie Bacon.
- Business Services
- Management Buyout
- September 2016
- Richard Babington