Mobeus named VCT House of the Year
Mobeus Equity Partners has been named VCT House of the Year at the unquote" British Private Equity Awards 2012. This is the second award won by Mobeus in as many weeks, recognising an outstanding year for this established VCT fund manager. Click here for write up.
Judges commented "this firm clocked up more exits in a year that most do in three, with most of them great, and two outstanding. All the while they were putting money to work, raising a fund, and orchestrating their own buy out. Phenomenal year."
The team's half a dozen exits were worth a combined £160m and generated an average 4.2x money multiple on £13m invested, including the stunning 32.0x from the sale of App-DNA to Citrix Systems. Mobeus' three new deals saw the VCT put £16.5m to work in deals valued at £39m.
The team raised £31m across two funds in April, and completed its own buyout from parent Matrix.
Mark Wignall, Managing Partner, said:
"We're delighted that Mobeus Equity Partners has won VCT House of the Year. In the year when our own MBO saw us reload from Matrix to Mobeus, we're really proud our VCT MBO investment strategy has been recognised by this accolade. Our VCTs back great British companies; providing great opportunities for management teams to expand their businesses and for private investors to participate in this success."