KBS Corporate Finance oversees the acquisition of Mobius Networks Limited
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Mobius Networks Limited was is a well-established company,
since 2004, based in Leicestershire. MNL is an industry leader within the
technology sector and was the UK’s first integrated data airtime provider. The
company is a highly regarded mobile virtual network operator which specialises
in Machine to Machine and Internet of Things applications to the healthcare,
transport and retail sectors.
The company has cultivated an excellent reputation through maintaining
high levels of security whilst ensuring abundant capacity even during the
busiest of times. This has resulted in MNL generating an impressive client list
including local councils, national transport providers and prominent businesses
including Manchester Airport and the Highways Agency. In addition to this MNL
has a range of blue-chip industrial and retail clients including Aldi, Dunelm,
Google, IBM and Siemens.
KBS Corporate Finance secured a management buy-out for MNL.
The deal saw the company securing funding from NVM Private Equity Vintage III
L.P. (NVM), as part of their current expansion plans. This marks the second
deal KBS Corporate Finance has completed with NVM in as many weeks and is the
firms seventh IT sector acquisition.
Doug Gilmour, MNL Managing Director commented, “Mobius Networks is delighted to be
partnering with NVM. The opportunity to rapidly scale Mobius in the vast and vastly
growing IOT and industrial internet market is compelling. The technical
capability of the Mobius team and its value proposition is exceptional. This
combined with the support and expertise of the NVM team, means that there are
even more exciting times ahead for Mobius Networks.”
Andy Leach, Investment Partner of NVM Private Equity said, “Mobius’ focus on high uptime, mission critical applications differentiates it from the wider IoT market. With both IoT and M2M markets forecast to exhibit strong growth characteristics over the next few years, Mobius is well positioned to expand its customer base and introduce its products into a wider range of end-user markets. Consequently, we are delighted to be backing Doug and the rest of the Mobius team at what is an especially exciting stage of the company’s development and evolution.”
David Gardner, KBS Corporate Finance Director advised our client throughout the process.