Private equity-backed MBO at tech firm

Leicestershire-based mobile virtual network operator Mobius Networks has been sold in a private equity-backed management buy-out.

Mobius provides data connectivity services for Internet-of-Things (IoT) and Machine-to-Machine (M2M) applications across healthcare, transport and retail sectors.

The MBO has been backed by NVM Private Equity through its NVM Private Equity Vintage III Fund.

James Arrowsmith, Andy Leach and Liam May led the investment for NVM, with Leach and May joining the MNL board at completion.

Managing director of Mobius Networks Doug Gilmour said: “Mobius Networks is delighted to be partnering with NVM. The opportunity to rapidly scale Mobius in the vast and vastly growing IOT and industrial internet market is compelling. The technical capability of the Mobius team and its value proposition is exceptional. This, combined with the support and expertise of the NVM team, means that there are even more exciting times ahead for Mobius Networks.”

James Arrowsmith, investment partner of NVM Private Equity, said: “NVM is delighted to be backing Doug and the rest of the Mobius team. The company’s focus on high uptime, mission critical applications differentiates Mobius from the wider IoT market and we are pleased to be coming on board at such an exciting stage in the company’s development. As NVM’s third deal in the Midlands in recent weeks, this further demonstrates our continued commitment to the region.”

Mobius is the second buy-out announced in as many weeks by NVM, following on from the MBO of Secure Retail.

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