We were delighted this year to deliver the strongest realisation in our history, the sale of Star Brands for £345m (plus earnout). The success of its iconic brand, the Pink Stuff, which is now sold in over 120 countries, saw profits grow 15x.
We have taken all our learnings from that Distinctive Brand and will apply them to our new investment in Big Potato Games, another high growth business that has already made strong progress in the very large USA market.
Our programme to increase portfolio M&A has really start to motor this year, five bolt-ons to date and several currently in due diligence and expected to complete by year end. Mobeus 2 investment LACE partners is one of the companies looking to scale rapidly through M&A and is certainly one to watch for the future.
Please click here to read Inside Out, our review of all the latest Mobeus deals.