Marriott Harrison LLP advised Mobeus Equity Partners on the financing of the acquisition of the Gro Group, the business behind the popular baby sleep bag brand, by its own management team.
Originally founded in 2000, Gro Group is responsible for the original and now internationally renowned Grobag, the number one baby sleep bag brand. As market leader within the sleep category, the business has grown rapidly in the UK and internationally under leadership of Managing Director Christian Jones.
Mobeus Equity Partners provided a combined debt and equity funding package to both finance the transaction as well as provide additional growth capital. HSBC has provided working capital funding for the business.
Bob Henry, Partner of Mobeus Equity Partners commented “We are very pleased to be able to support another business with a flexible funding solution which provides a solid platform for the business to continue to grow. We have every confidence the management team will maximise the full potential of this unique and global brand.”
Jonathan Leigh-Hunt (Corporate partner) led the Marriott Harrison LLP team, comprising Bob Cordran (Employment partner), Hugh Gardner (Finance partner), Fran Spooner and David Bettis (Corporate).