Corporate partner Jonathan Leigh-Hunt and senior associate David Bettis co-led the MH corporate team comprising of Kerry Corrigan and Lucie Muhairwe in advising Mobeus Equity Partners, Beringea and Acton Capital on a Series D round into MPB, the world’s largest reseller of photo and video equipment. The Series D round also saw a partial exit by some of the institutional investors. Marriott Harrison had previously advised Mobeus Equity Partners and Beringea on a C Series round two years earlier, as well as Mobeus Equity Partners on its original investment 5 years ago.
MPB raised £49.8 million in this round which was led by Vitruvian Partners. Founded in Brighton in 2011, MPB’s business model is grounded in economic and environmental sustainability. Recirculating 300,000 items of kit globally each year, MPB has transformed access to photo and video kit by offering a technology-based, customer-centric service that removes the risk and uncertainty attached to using many of its competitors. With established locations in the UK, US and Germany, the new wave of funding will allow the business to focus on new product developments and technology which broaden the ways in which people can access kit, as well as bolster existing operations.