Mobeus commits further £3.9m to Automated Systems

The acquisition will expand the company's reach in East Anglia.

Mobeus has now committed more than £10m to the business, following an £8.5m management buyout in 2011. In April that year, the GP supported the £4.1m acquisition of Transcribe Copier Systems.

Automated Systems Group now has a combined headcount of more than 100 staff.

Across 2014, Mobeus has exited seven portfolio companies, returning £93.6m in cash proceeds to Mobeus VCTs. The average money multiple has reached 3x. Most recently, Mobeus sold Emac for £36m, enjoying 3.1x money.

Company
Established 28 years ago and based in Great Yarmouth, Copyfax is a print and copier dealership company. The firm has eight members of staff.

People
Mark Wignall is managing partner at Mobeus.

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