Mobeus invests £2.1m in MPB

The fresh capital will support the company's expansion into the US and German markets. Market entry overseas is planned for September, while the launch in Germany will be this month.

Following the capital injection, Mobeus investment manager Greg Blin will become non-executive director of MPB. The investor was introduced to the deal by Andy Coghlan of WK Corporate Finance, who has also joined the board.

Mobeus made the minority stake investment via a venture capital trust. 

Company
Founded in 2008 and based in Brighton, MPB is an online marketplace for photographers to buy, sell and exchange equipment. It has revenues of £8.4m and employs 40 people.

People
Mobeus Equity Partners – Greg Blin (investment manager).
MPB – Matt Barker (CEO).

Advisers
Equity – Marriott Harrison (legal); GMT (financial due diligence); 5X Thinking, Alan Thomas (commercial due diligence).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• Venture
• Mobeus Equity Partners