Faversham House

Faversham House

Publishing and events business

VCT Fundraising
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Mobeus VCT Fundraising
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Mobeus VCT Offers 2019/20 -

Mobeus Equity Partners invested in the £4m management buyout of Faversham House, a leading environmental media business that publishes Europe’s largest environmental website www.edie.net.

Faversham was founded in 1960. At the time of our original investment in 2010, the business employed 100 people and had annual revenues of c. £10m.

We exited the investment in March 2013.

Deal

Family owned business in which some members wanted to exit and others wanted to take the business forward. Mobeus facilitated a change of ownership via an MBO with significant management rollover.

Finance

Mobeus invested c. £2m as a combined debt and equity package alongside £400k of vendor finance.

Management Solution

To supplement the team, Mobeus Operating Partner Bob Fairchild joined as investing Chairman and Jill Williams joined as Finance Director. Fairchild has helped achieve successful exits for all shareholders in a number of private equity backed businesses. Williams was previously FD of Tottel Publishing, a Mobeus-backed business that was successfully sold to Bloomsbury Publishing.

If you're facing a similar challenge, why not contact one of the team