Henley-on-Thames: HMT advises Moebus Equity on £2.1m investment in MPB

HMT, the corporate financial adviser based in Henley-on-Thames and led by partner Paul Read and senior manager Adrian Howells, undertook financial due diligence for Mobeus Equity Partners on its £2.1 million investment in the UK’s largest online marketplace for photographic equipment, Brighton-based MPB.

MPB was founded by Matt Barker in 2008. It has developed a custom-designed technology which provides a more efficient and enjoyable way of selling and buying used camera equipment. It is now the UK’s largest online marketplace in this area, having delivered consistent revenue growth every year since inception, with sales reaching £8.4 million in the last financial year. It employs 40 people; it attracted 2.7 million visitors to its site last year; and it was ranked in the 2015 Sunday Times Hiscox Tech Track 100.

The £2.1m invested by Mobeus will support the business’s international expansion into the US and German markets.

Greg Blin, investment director at Mobeus, commented: “HMT quickly gained a detailed understanding of the business and delivered a clear and concise report in a short time frame.” 

Read said: “MPB is in a strong position to continue its amazing growth.”