Mobeus invests £2.9m in Buster + Punch

The capital will enable the company to carry out its international expansion strategy and undertake new product development.

Mobeus investment manager Greg Blin will take a seat on the Buster + Punch board as part of the deal.

The transaction is Mobeus's sixth growth capital investment in the space of 12 months. Most recently, the GP invested £2.5m in UK casual dining chain Tapas Revolution in January 2017.

Mobeus is currently investing from its first institutional fund, which focuses on buyout investments and is understood to have held a first close on £65m in July 2016. The Buster + Punch transaction was made with capital drawn from the GP's VCT funds, unquote" understands.

Company
Founded in 2013 as a producer of custom-made motorcycles, London-headquartered Buster + Punch is an interior product design company focusing on lighting, furniture, electrical fixings and glasswear. It also continues to produce and sell motorcycles.

The business has a headcount of 25, including its showroom in London and retail store in Sweden. Its products are also sold by retailers including John Lewis, Harvey Nichols and Harrods.

According to a statement issued by Mobeus, the company has achieved revenue growth of more than 75% in each of its past two financial years.

People
Mobeus – Greg Blin (investment manager).
Buster + Punch – Massimo Buster Minale (founder, creative director).

Advisers
Equity – Capital Flex, Irfan Harris (financial due diligence); Marriott Harrison (legal); Stratton HR (management due diligence).

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