Another Mobeus deal goes to print
Mobeus Equity Partners ("Mobeus") is pleased to announce that it has provided a combined debt and equity package to support the management buyout of Tharstern Limited ("Tharstern"). The transaction has been led by Keith McMurtrie, the Managing Director, supported by Technical Director Antony Lord and Sales Director Lee Ward. The transaction was introduced by KPMG Corporate Finance and marks the fourth investment by Mobeus in 2014, taking committed capital invested to almost £21m, following the BIMBO of CGi, the MBO of Entanet and the growth capital investment into Bourn Hall.
Tharstern, founded thirty years ago, is a leading supplier of software-based Management Information Systems (“MIS”) to the global commercial printing and graphic arts industries. Today the company has over 7,000 users worldwide in around 530 customer sites. It has more than 40 staff at its headquarters in Colne, Lancashire with overall revenues in excess of £4m.
Chris Price, Investment Director at Mobeus, commented: “We are delighted to support an excellent team and to be involved with a business which has a strong reputation, built on its long history and expertise of providing management information software for the UK printing industry. We look forward to supporting Keith and his team as they seek to drive sales growth and widen Tharstern’s customer base both in the UK and overseas.