Mobeus backs £9.5m ABL1Touch buyout

The firm is currently investing from its fourth-generation fund, which closed on £166m. It was 50% deployed as of July 2019 and makes investments of £5-15m in management buyouts.

The incumbent management team will remain in place and will be joined by Bill Duffy, previously of Nationwide Autocentres, who has joined the board as non-executive chair.

Company
Reigate-based ABL1Touch is an automotive repair services provider. It employs 40 people and generated revenue of £6.7m in 2019.

People
Mobeus - Freddie Bacon (investment manager); Richard Babington (partner); Matthew Gordon-Smith (investment manager).

Advisers
Equity - Stephenson Harwood, Adam Crossley, Lucy Thorpe, Rajiv Kakkad (legal); Smith & Williamson, Marcus Graham, Claire Eggels (financial due diligence); PMSI, David Crout, Jill-Marit Lerum Cornes, Aditi Talwar (commercial due diligence); Grant Thornton, Lucy Orhnial, Jono Clare (tax).
Vendor – EvolutionCBS, Mike Whittle, Steve Barry (corporate finance).
Management – KPMG, Emma Gibson, Rachel Reeves (legal).

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• Buyouts
• UK / Ireland
• Consumer
• United Kingdom
• Mobeus Equity Partners
• Grant Thornton
• KPMG