Gresham House acquires Mobeus Equity Partners VCT arm as profit and income return to form

Sarah Ing appointed iNED

James Baxter-Derrington
clock • 4 min read

Gresham House is set to acquire the VCT business of Mobeus Equity Partners for an initial consideration of £24m, to be raised through a placing.

A further consideration of up to £12.1m will be payable over a three-year period, subject to the "achievement of certain criteria". Four VCT contracts will be purchased from Mobeus, including Mobeus Income & Growth VCT, Mobeus Income & Growth 2 VCT, Mobeus Income & Growth 4 VCT and The Income & Growth VCT, which share a combined AUM of £369m. H1 2021 results round-up: Tilney S&W AUM hits £55bn as profits surge The Mobeus VCT boards have unanimously approved the transaction. It will be funded though a placing of approximately £40m, including a £20m cash placing of 2,197,802 ordin...

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