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.”
What do you think about the issues raised by this story? Email us on FTAletters@ft.com to let us know