Mobeus sells Monsal to GE
Mobeus Equity Partners has sold biogas energy business Monsal to General Electric (GE), generating a 1.9x return.
Previous funding
Mobeus first backed Monsal in December 2007, investing £3m to support its management buyout in return for a minority stake.
In July 2010, FourWinds Capital Management injected £14m into the company to support new projects.
Company
Mansfield-based Monsal is an advanced anaerobic digestion (AAD) and integrated biogas-to-energy business. It provides technology for AAD infrastructure in the water and waste sectors, enabling companies to turn waste into renewable energy.
The company was established in 1996.
People
Eric Tung is partner at Mobeus. Aidan Cumiskey is managing director of Monsal.
Advisers
Company – Altium (Corporate finance).
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