Mobeus Equity Partners has invested £14m in Geotech, a UK-based provider of ground stabilisation services for the construction and infrastructure industries.
Consortium of investors supporting the funding round includes existing and new backers
Vehicle is larger than its predecessor, Xenon Private Equity VI, a €184m fund closed in July 2014
GP intends to boost the company's organic growth and further strengthen its market position
Acquisition of the family-owned company adds to the GP's industrial portfolio