Plastic Surgeon is the UK’s largest cosmetic surface repair specialist, with particular expertise in fine finishing services. The company provides high quality, long-lasting repairs to any hard surface, in diverse industries from house build, through construction and insurance, to facilities management.
Mobeus originally invested £2 million to support the MBO of Plastic Surgeon in 2008 and supported the business through the subsequent recession. Eleven years later, Mobeus has sold Plastic Surgeon to Polygon Group, the European market leader in property damage restoration.
Despite extremely challenging market conditions, during the investment term the management team took the company into new markets, changed its culture and invested in technology and marketing.
The sale represents a 5.6x money multiple on the Mobeus VCTs’ original £2 million investment and equates to an IRR of 20.5% over the eleven-year investment period.