Mobeus Backs MBO of Tessella

Mobeus Backs MBO of Tessella PR Newswire LONDON, July 23, 2012 LONDON, July 23, 2012 /PRNewswire/ -- Mobeus Equity Partners (Mobeus) has backed the £18 million management buyout of Tessella Limited, a leading provider of science-powered technology and consulting services. This is Mobeus's first transaction since the team announced its own MBO from Matrix Group earlier this month. Tessella works for blue-chip clients around the world to deliver solutions to highly complex technical and commercial problems. Tessella's projects include: working with the European Space Agency to design a satellite to send to the sun; flood water and defence modelling for the UK Government; supporting JET's research into nuclear fusion power generation; and improving safety on oil rigs for major international oil companies. Guy Blackburn led the investment for Mobeus and comments: "Tessella is a world- class UK technology business and a great example of the type of company that Britain is capable of producing. The company works for leading international organisations, helping to solve some of the most important and technically challenging problems of our time. Tessella employs very talented people with excellent scientific and academic credentials to provide very high quality, specialist design and problem solving services on a global basis. Mobeus is delighted to have backed the existing management team in their MBO and we look forward to supporting Tessella's further international expansion.