M&A Deal Summary

Kester Capital Acquires Boundary

On July 1, 2024, private equity firm Kester Capital acquired media company Boundary from Mobeus Equity Partners

Acquisition Highlights
  • This is Kester Capital’s 1st transaction in the Media sector.
  • This is Kester Capital’s 11th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-07-01
Target Boundary
Sector Media
Buyer(s) Kester Capital
Sellers(s) Mobeus Equity Partners
Deal Type Secondary Buyout

Target

Boundary

London, United Kingdom
Boundary is a tech-enabled provider of marketing-grade digital twins, photorealistic visualisations, and marketing suite software for the global real estate industry. Boundary was founded in 2014 and is based in London, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Kester Capital is a private equity firm focused on middle-market company investments in the UK. The Firm looks to invest a minimum of £15 million in businesses valued up to £100 million. Kester Capital was originally established in 2007 as Greenhill Capital Partners Europe, the European private equity arm of Greenhill & Co Inc. Kester Capital is based in London.


DEAL STATS #
Overall 16 of 18
Sector: Media M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: United Kingdom M&A 11 of 13
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-24 Atec Group

Chipping Norton, United Kingdom

Atec Group delivers omnichannel solutions focussed on niche and non-standard insurance distribution. Atec Group is based in Chipping Norton, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-01 Evestia Clinical

Hertfordshire, United Kingdom

Evestia Clinical is a full-service global Clinical Research Organisation that provides specialised services to pharmaceutical and biotech companies. The business provides clinical trial services across multiple therapeutic areas including oncology, rare disease, inflammation, immunology and microbiome therapeutics. Evestia Clinical is based in Hertfordshire, United Kingdom.

Buy -

Seller(S) 1

SELLER

Mobeus Equity Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Mobeus Equity Partners is a generalist investor in UK-based companies. Mobeus looks to invest between £2 and £20 million in a variety of transaction situations. These include MBOs, secondary buyouts, debt financings, shareholder liquidity needs, and recapitalizations. Mobeus generally targets high growth, profitable (£1 to £5 million) businesses with sustainable competitive advantages. Mobeus is based in London.


DEAL STATS #
Overall 49 of 50
Sector: Media M&A 3 of 3
Type: Secondary Buyout M&A Deals 12 of 12
Country: United Kingdom M&A 48 of 49
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-16 Distant Journeys

Ormskirk, United States

Distant Journeys specialises in proprietary escorted tours for older travellers seeking long-haul, memorable excursions. The business currently focuses exclusively on UK consumers, with a product offering to a range of destinations across Australasia, Asia, Southern Africa and North America. Distant Journeys was founded in 2014 and is based in Ormskirk, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-05 RotaGeek

London, United Kingdom

RotaGeek is a provider of cloud-based, data-driven scheduling technology to help multi-site businesses more accurately predict customer demand, schedule staff, and improve operational efficiency. RotaGeek was founded in 2009 and is based in London, United Kingdom.

Sell -