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.
