Corporate partner Jonathan Leigh-Hunt and corporate associate Frances Spooner advised Mobeus Equity Partners LLP on the investment into Preservica Limited (“Preservica”), a world leading provider of SaaS-based and on-premise digital software platforms which automate the preservation of digital content to ensure that information is accessible irrespective of future changes in technology. Mobeus provided an investment of £3 million to support the growth of Preservica, having first backed Tessella, a highly specialised consultancy which developed Preservica, in 2012. The Preservica business was retained by shareholders as it was carved out of the sale of Tessella just over a year ago in a deal which generated a return of 2.9x capital for Mobeus shareholders.
Trevor Hope, partner at Mobeus and new non-executive director of Preservica, commented “We are delighted to continue to back a world-class technology we’ve worked with for four years. Our deep, shared history means we already knew we had a very strong team in place and, following the sale of Tessella, we have been entirely focussed on maximising this opportunity, the scale of which is very significant indeed.”