Simulation and verification software for CAM software
Mobeus Equity Partners realised its investment in MachineWorks Software through a trade sale.
MachineWorks is the leading developer of simulation and verification toolkit technology used in Computer Aided Manufacturing.
Mobeus backed the MBO of the business in 2006 investing £1.9m as part of a £4m transaction in which two companies were acquired from founder shareholders. At the time, MachineWorks had a dominant market position supplying CAM software vendors and was starting to penetrate the machine tool market.
MachineWorks was consistently profitable and cash generative, leading to repayment of all of the MBO loans by 2011. The business made significant inroads with large machine tool customers enabling it to be seen as a strategic partner by these businesses.
In April 2014, the company was sold to a Europe-based trade buyer for an undisclosed sum.
The investment returned nearly £7m to the Mobeus advised VCTs, generating a return of 4.1x cost.
- Management Buyout
- Ashley Broomberg