MIS & Commercial print software solutions
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.
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.
Mobeus provided a £5 million combined debt and equity package to provide all of the funding required for the transaction.
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.
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.
- Management Buyout
- July 2014
- Greg Blin