Tharstern Limited

MIS & Commercial print software solutions

www.tharstern.com

Mobeus has backed the MBO of Tharstern, a leading supplier of software-based Management Information Systems to the global commercial printing and graphic arts industries.

The Company has over 7,000 users worldwide in over 500 customer sites. Tharstern employs 40 staff at its headquarters in Colne, Lancashire.

DEAL

Tharstern was 100% owned by a private investor who was not involved in the business. Mobeus supported the management team in buying out the investor.

FINANCE

Mobeus provided a £5 million combined debt and equity package to provide all of the funding required for the transaction.

MANAGEMENT SOLUTION

Mobeus introduced Steve Curl, an experienced non-executive, who has joined as investing Chairman. Curl was previously Chairman of Mobeus investee company MachineWorks which was sold for a 4.1x money multiple in April 2014.

TRANSACTING EXPERTISE

The ability to offer the full funding package and meet a tight timetable to completion was critical to securing the deal with the vendor who wanted an uncomplicated and speedy transaction.

Information

Greg Blin
Sector:
Technology
Type:
Management Buyout
Status:
Current
Date:
July 2014
Leader:
Greg Blin