Add-on Acquisition • Business Services

Twig Acquires Mobi Market

On April 29, 2022, Twig acquired business services company Mobi Market

Acquisition Context
  • This is Twig’s 1st transaction in the Business Services sector.
  • This is Twig’s 2nd transaction in the United Kingdom.

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M&A Deal Summary

Date April 29, 2022
Target Mobi Market
Sector Business Services
Buyer(s) Twig
Deal Type Add-on Acquisition

Target Company

Mobi Market

Staffordshire, United Kingdom
Mobi Market is a UK-based mobile phone re-commerce player with a mission to power a sustainable alternative to the mobile market ecosystem, providing a seamless way for consumers to sell their pre-owned mobile phones. Mobi Market was founded in 2016 and is based in Staffordshire, United Kingdom.
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Buyer Overview 1

Buyer

Twig

London, United Kingdom

Category Company
Sector Information Technology
DESCRIPTION

Twig is a new generation of fintech, rooted in circular economy principles with a mission to empower consumers to value, unlock and enjoy the wealth that they never knew they had. Clients have instant cash access while relinquishing fashion or electronic items they no longer want. As a part of its unique proposition, Twig is now offering a carbon offsetting service, making it possible for its clients to offset their entire lifestyle carbon footprint. Twig is based in London.


Deal Context for Buyer #
Overall 2 of 3
Sector: Business Services 1 of 1
Type: Add-on Acquisition 2 of 3
Country: United Kingdom 2 of 2
Year: 2022 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-10 Loopster

London, United Kingdom

Loopster is a managed marketplace that sold premium quality, hand-checked women’s and kids’ clothes at a fraction of the retail price. It also did all the hard work for Sellers, sending a Loopster Clear-Out Bag, so that sellers could close the loop between the use and reuse of their clothes with minimal hassle. Loopster is based in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-22 Vybe

Paris, France

Vybe is a is a simplified joint-stock company that is a provider of teen banking services. Vybe is based in Paris, France.

Buy -