Burges Salmon has advised its long-standing client Mobeus Equity Partners LLP on the combined debt and equity package that it has provided to support the £25m buyout of Ward Thomas Group, a brand-led specialist logistics, storage and removals business.
The multi-disciplinary team from Burges Salmon that advised Mobeus on the transaction was led by partner Richard Spink with assistance from senior associate Vanessa Barnicoat.
Mobeus is a leading UK VCT Manager with over £200 million funds under management and this transaction is its fifth investment in 2014, taking committed capital invested to £28m, following the MBOs of Tharstern and Entanet, the BIMBO of CGi and the growth capital investment into Bourn Hall.
Richard Spink said: “We were delighted to work with Richard Babington and the team at Mobeus who have huge experience in transactions of this type and we wish them and the business well for the next phase of Ward Thomas Group’s evolution.”
Richard Babington, Investment Director at Mobeus Equity Partners, commented: “Burges Salmon were quick to identify the key commercial issues in the transaction, providing timely advice throughout and playing a key role in driving the transaction over the line.”