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Mobica

private placement

Inflexion Private Equity

September 2015

 

About the Client

Founded in 2004 by the current Chairman, Nick Stammers, Mobica is a rapidly growing provider of leading edge software engineering expertise. With a team of more than 800 people across the UK, Poland, Mexico and the USA, the company focuses on delivering software into multi-billion dollar industries including semiconductor and automotive.
Mobica has established itself as the development partner of choice to some of the world’s leading technology companies by delivering innovative, cost-effective software solutions at the forefront of technological advances.
 

About the Deal

GP Bullhound acted as the exclusive financial advisor to leading software engineering provider Mobica on its minority investment from Inflexion Private Equity.
Inflexion’s Partnership Capital minority investment will help accelerate organic growth in Mobica’s highly skilled engineering base to further develop their clients’ next-generation mission-critical products and platforms. Inflexion’s own TMT sector expertise and international reach, with portfolio support offices in overseas markets, made the firm a natural partner for Mobica’s global ambitions.
This transaction underlines GP Bullhound’s presence in the North and represents its eighth local deal since opening the Manchester office in 2014. It also emphasises the firm’s depth of experience in the digital services sector following previous successful transactions with clients such as Designit, Cambridge Technology Partners, Fjord, Somo and Fetch. This is the firm’s 18th transaction in 2015.
 

Quotes

Hugh Campbell, Managing Partner of GP Bullhound commented: “We have known the management of Mobica since 2008, and have been lucky enough to witness first-hand the creation of a world class software services business. With connectivity driving up complexity in software engineering, we expect that their rapid growth will continue for many years to come.”
 
Nick Stammers, Founder and Chairman of Mobica commented: “GP Bullhound has been instrumental in making this deal possible. Throughout the process the team provided service of the highest calibre – from the key negotiations all the way down to the smallest of details.”
 
Cath Richards, Partner at Inflexion Private Equity commented: “GP Bullhound has had a major impact on the technology ecosystem in the North by helping to address the lack of specialist tech advice in the region. We enjoyed working with them to complete the investment in Mobica and we look forward to working with them in the future.”