Phoenix Equity Partners has agreed to acquire a majority stake in UK-headquartered investment management business Mobius Life from Souter Investments and Manfield Partners.
GP invested in the clamping tool manufacturer as part of a succession plan for the company
Sale ends an eight-year holding period for EV Private Equity, which bought a 56% stake in the company
Praetura is currently investing from its EIS 2020 Fund, which closed on £7m in February 2020
Cube3 is intended to help Italian investors gain exposure to international investments strategies