British Business Investments, a commercial subsidiary of the British Business Bank, today announces a £30m commitment to UK focused small cap specialist, Mobeus Equity Partners to its Fund V.
Mobeus provide capital to smaller companies, to support their growth and take an equity stake, alongside existing management teams. The fund will support such management teams in growing their business and the capital will be used to fund capital investment or acquisitions.
British Business Investments aims to increase the supply and diversity of finance for smaller businesses across the UK by boosting the lending capacity of challenger banks and non-bank lenders. Since it was established in 2014, British Business Investments has committed over £2.5bn to providers of finance to UK smaller businesses.
Mobeus specialises in providing private capital solutions to high-growth businesses, with a 20-year track record, investing up to £20 million in UK SMEs across all sectors.
Judith Hartley, CEO, British Business Investments, said: “At British Business Investments, by supporting private capital providers such as Mobeus Equity Partners, we help companies across the UK to access the capital they need to grow.”
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