Mobeus has realised its investment in Motorclean, the leading automotive valeting business. Corporate partner Jonathan Leigh-Hunt and corporate associate Harshna Patel led the transaction for Mobeus.
Marriott Harrison originally acted for Mobeus when they invested in the secondary buyout of Motorclean in 2011, from LDC, in order to scale a £20m regional business into a £50m turnover national group, through a combination of acquisition and growth.
In 2013, Marriott Harrison also acted for Mobeus when it led the acquisition negotiations and provided the funding to bring Motorclean together with Forward Valeting, another leading provider of cleaning and valeting services to the UK motor trade. The deal provided scale and the ability to service national contracts for the largest UK dealership groups.
Chris Price, Mobeus Partner, said: “It has been a pleasure to work with Dave, John and Paul over the last seven years. We wish them and the team at Motorclean every success during the next phase of growth under their independent ownership.”