A great deal has happened since our last issue, and there is much to share. We secured the eighth exit from Mobeus 1 with the sale of AUG –a strong return of over 4x is expected, especially pleasing given the challenges the business faced through Covid-19. We made the final Mobeus 2 investment, our third in twelve months, with each individual investment above £15m. Together the three deals represent c. £50m deployed and bring in two exciting platforms, G=mc² and Revive.
Portfolio M&A has been busy too, with the Orbital and LACE acquisitions standing out. We have also grown the team and deepened our partnership, leaving us well placed to launch Mobeus 3 in Q4. None of this happens without the many people who have introduced deals to us over the years –relationships we showcase later in this issue.
Please click here to read Inside Out, our review of all the latest Mobeus deals.