Mergers and acquisitions  

Gresham House buys Mobeus VCT business for £36m

The deal would also provide a framework to both incentivise and retain key Mobeus VCT team members post completion. 

The firm expects to deliver an annualised operating profit increase of £4.5m and return on invested capital of over 15 per cent. 

The group has identified a number of potential synergies in the Mobeus VCT business, and the deal is expected to support its objective of achieving a 40 per cent operating margin.

Gresham House said following an “extensive due diligence process”, the Mobeus VCT boards unanimously approved the transaction.

Mobeus's Hope added: “Gresham House has the capability to invest in, and grow, a major SME investment financing platform based on the integrated Mobeus VCT and Baronsmead teams and is the natural partner for us.” 

sonia.rach@ft.com

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