Mobeus finances ATG Media's acquisition of BidSpotter

ATG Media's acquisition of BidSpotter will augment its current auction platforms, the-saleroom.com and i-bidder.com, and will broaden the company's spectrum to include general auctions as well as live and timed art and antiques auctions. ATG already managed BidSpotter's UK operations for three years prior to the deal.

Mobeus invested in the MBO of online auction portal provider ATG in October 2008, providing £4.5m of equity funding. By 2012, the group had held 4,500 live and timed auctions and sold more than £115m of goods online. ATG was launched in 1971 and is based in London.

Company
BidSpotter is a US-based broadcaster of live auctions. The business averages 90 auction broadcasts per month and employs 20 staff globally.

Post-merger, the combined company consists of BidSpotter.com, BidSpotter.co.uk, the-saleroom.com and i-bidder.com. Its technology is also being used by partner sites Figaro Enchères (France) and lot-tissimo.com (Germany).

People
Mike Walker is portfolio director at Mobeus and sits on the board of ATG. 

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• Topics
• Portfolio management
• UK / Ireland
• Consumer
• Mobeus Equity Partners
• United Kingdom
• Acquisition finance