Mobeus to buy minority stake in LACE Partners

The firm has provided a £10.2m combined debt and equity package.

  • This is Mobeus’ fourth investment in the first year of Mobeus V fund
  • Freddie Bacon headed the investment with Chris Price and Samira Aminzare’s guidance
  • London-based Mobeus is an investor that provides £2m to £15m to UK SMEs across all sectors

Mobeus Equity Partners has provided a £10.2 million ($12.6 million; €11.6 million) combined debt and equity package to buy a minority stake in LACE Partners, a service consultancy, to support the strategic development and growth of the firm.

LACE Partners, headquartered in London, focuses on optimising and transforming the HR functions of large corporates and multinationals. The firm was established in 2014.

This marks the fourth investment of Mobeus in the first year of its UK-focused small-cap buyout fund, Mobeus V, along with its other investments in Gungho Marketing, GW Global Insights and The Translation People in 2022.

The investment was headed by Freddie Bacon, investment director, with guidance from Chris Price, partner, and Samira Aminzare, investment manager.

“Since our initial conversations, we have been enthused by the ambition of founders Aaron and Cathy and the calibre of talent across their wider team,” said Bacon. “Mobeus is eager to support these plans by leveraging our recent experiences of the wider consultancy sector, which delivered two successful exits last year.”

Mobeus was advised by HMT (financial and tax DD), Armstrong (commercial DD), Osborne Clarke (legal), Grant Thornton (tax structuring) and Sustainable Advantage (ESG).

Based in London, Mobeus is a private equity firm that invests £2 million to £15 million in UK SMEs across all sectors.