Virgin Wines

A major UK online wine retailer

www.virginwines.co.uk

Mobeus Equity Partners led the MBO of Virgin Wines, a leading UK online wine retailer.

Virgin Wines employs 158 staff and has an annual turnover of c. £35 million.

DEAL

Mobeus led a syndicated transaction to support the MBO of Virgin Wines from parent company Direct Wines Limited, which was looking to raise additional finance to expand its European operations.

FINANCE

Mobeus provided a combined debt and equity investment of £8.7 million as part of an overall funding package of £15.9 million.

INVESTMENT RATIONALE

The online wine market continues to expand, as many customers move to the convenience of this means of purchase and delivery. Virgin Wines is well positioned to grow in this market with a niche range of exclusive, boutique quality wines, backed by the power of the Virgin brand.

TRANSACTING EXPERTISE

The ability to offer a full funding package which provided a high level of deliverability was key to securing the transaction with the vendor. Mobeus worked alongside a co-investor in a seamless way to provide the entirety of the funding requirement.

 

Information

Greg Blin
Sector:
Consumer Products
Type:
Management Buyout
Status:
Current
Date:
November 2013
Value:
£8.7m
Leader:
Greg Blin