Mobeus Equity Partners, a London, UK-based equity investor in SMEs, recently closed its fourth fund, at over £140m.Mobeus Equity Partners IV LP is the firm’s first institutional fund, and alongside Mobeus’s existing VCT business, brings the total under management to £360m. The fund has received commitments from ten international blue-chip investors, across private and public pension funds, foundations, asset managers and family offices. Just under two thirds of commitments have been from Europe with the remainder coming from the US.
Fund IV will finance buyouts of growing UK private companies, investing between £5 million and £15 million initially in each transaction. The fund has already completed two deals, investing:
– £6m to finance the MBO of Kinneir Dufort, a UK principal design and innovation consultancy, and:
– £9m to back the MBO of Factor 21, a UK provider of invoice finance facilities for SMEs.
Three further investments are currently in due diligence.
Led by Mark Wignall, Mobeus has a team of 33 staff and is an experienced provider of growth and buyout finance to UK based SMEs.