London\/ Brigh\u00adton \u2014 MPB, the worl\u00add\u2019s largest resel\u00adler of photo and video kit, has raised \u00a349.8 million in its latest funding round, led by Vitru\u00advian Part\u00adners with parti\u00adci\u00adpa\u00adtion from current inves\u00adtor Acton Capi\u00adtal, joining exis\u00adting inves\u00adtors Mobeus Equity Part\u00adners, Berin\u00adgea and FJ Labs.<\/p>\n
Foun\u00added in Brigh\u00adton in 2011, MPB is a stand\u00adout driver of the crea\u00adtor economy groun\u00added in a busi\u00adness model of circu\u00adla\u00adrity that deli\u00advers both econo\u00admic and envi\u00adron\u00admen\u00adtal sustaina\u00adbi\u00adlity. Recir\u00adcu\u00adla\u00adting 300,000 items of kit globally each year, MPB has trans\u00adfor\u00admed access to photo and video kit by offe\u00adring a tech\u00adno\u00adlogy-based, custo\u00admer-centric service that remo\u00adves the risk and uncer\u00adtainty atta\u00adched to using many of its competitors.<\/p>\n
Matt Barker, Foun\u00adder and CEO, MPB said: \u201cThis funding round is a major mile\u00adstone for MPB culmi\u00adna\u00adting a decade of strong perfor\u00admance and a vision to make great kit acces\u00adsi\u00adble and affordable.<\/p>\n
With the back\u00ading of Vitru\u00advian Part\u00adners and those reinves\u00adt\u00ading in our busi\u00adness we can acce\u00adle\u00adrate our US and Euro\u00adpean growth stra\u00adtegy at scale, profi\u00adta\u00adbly. Photo\u00adgra\u00adphy and video\u00adgra\u00adphy are intrin\u00adsic to socie\u00adties and cultures all over the world, and at MPB we have crea\u00adted a circu\u00adlar model that offers ever\u00adyone the chance to be visual storytel\u00adlers and content crea\u00adtors in a way that\u2019s good for the planet.\u201d<\/p>\n
The used kit market is in a period of signi\u00adfi\u00adcant expan\u00adsion as more consu\u00admers purchase sustain\u00adably in the circu\u00adlar economy. With estab\u00adlished loca\u00adti\u00adons in the UK, US and Germany, MPB is well-posi\u00adtio\u00adned to take advan\u00adtage of this growing trend. The new wave of funding will allow the company to focus on new product deve\u00adlo\u00adp\u00adments and tech\u00adno\u00adlogy that broa\u00adden the ways in which people can access kit, and bols\u00adter exis\u00adting opera\u00adti\u00adons to bring more kit to more people.<\/p>\n
Tom Studd, Part\u00adner at Vitru\u00advian Part\u00adners<\/strong>the inde\u00adpen\u00addent growth-focu\u00adsed private equity firm, said: \u201cMPB has deve\u00adlo\u00adped a unique tech-enab\u00adled plat\u00adform to meet a market need, trans\u00adforming access to photo\u00adgra\u00adphy kit to become a global leader in its field, whilst buil\u00adding a product that genui\u00adnely has a posi\u00adtive impact on the world. Matt and the team have achie\u00adved strong and profi\u00adta\u00adble growth through recent laun\u00adches in the US and Germany, and we\u2019re deligh\u00adted to part\u00adner with them for the next step of the jour\u00adney. Vitru\u00advian looks to back excep\u00adtio\u00adnal teams with unique products in large markets, and we believe Matt and the team fit those crite\u00adria perfectly.\u201d<\/p>\n Vitru\u00advian Part\u00adners, which has previously inves\u00adted in successful circu\u00adlar compa\u00adnies inclu\u00adding Vesti\u00adaire Coll\u00adec\u00adtive as well as house\u00adhold names Carwow, Just Eat, Farfetch, Skyscan\u00adner and Trust\u00adpi\u00adlot, beco\u00admes MPB\u2019s largest share\u00adhol\u00adder and is supported in this round by exis\u00adting inves\u00adtor, Acton Capi\u00adtal. Mobeus Equity Part\u00adners, which first inves\u00adted in MPB during its Series A funding and remains MPB\u2019s second largest insti\u00adtu\u00adtio\u00adnal share\u00adhol\u00adder, has parti\u00adally exited. Berin\u00adgea and FJ Labs remain involved.<\/p>\n Sebas\u00adtian Wossagk, Mana\u00adging Part\u00adner at Acton Capi\u00adtal<\/strong>said: \u201cIt\u2019s always a privi\u00adlege to watch compa\u00adnies like MPB grow and excel in their field. Matt and his team have alre\u00adady taken the first steps into inter\u00adna\u00adtio\u00adna\u00adli\u00adsa\u00adtion by opening loca\u00adti\u00adons in Brook\u00adlyn and Berlin, and we\u2019re exci\u00adted to support them as they pursue further expan\u00adsion in both the US and Europe.\u201d<\/p>\n Arma Part\u00adners has acted as exclu\u00adsive finan\u00adcial advi\u00adsor to MPB on the \u00a350m invest\u00adment led by Vitru\u00advian Part\u00adners, with parti\u00adci\u00adpa\u00adtion from exis\u00adting inves\u00adtor Acton Capital.<\/p>\n About Arma Partners<\/strong> London\/ Brigh\u00adton \u2014 MPB, the worl\u00add\u2019s largest resel\u00adler of photo and video kit, has raised \u00a349.8 million in its latest funding round, led by Vitru\u00advian Part\u00adners with parti\u00adci\u00adpa\u00adtion from current inves\u00adtor Acton Capi\u00adtal, joining exis\u00adting inves\u00adtors Mobeus Equity Part\u00adners, Berin\u00adgea and FJ Labs. Foun\u00added in Brigh\u00adton in 2011, MPB is a stand\u00adout driver of the creator [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":37116,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1369,1372,1377],"tags":[],"class_list":["post-43456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-investors","category-consultant","category-corporate-finance-ma","news-category-private-equity-news-en"],"yoast_head":"\n
\nArma Part\u00adners provi\u00addes inde\u00adpen\u00addent corpo\u00adrate finance advice to compa\u00adnies and inves\u00adtors active in the global Digi\u00adtal Economy. We act as trus\u00adted advi\u00adsors to Digi\u00adtal Economy leaders throug\u00adhout their entire corpo\u00adrate life\u00adcy\u00adcle, from raising private capi\u00adtal for fast-growing disrup\u00adt\u00aders and foun\u00adder-led busi\u00adnesses to orchest\u00adra\u00adting complex cross-border M&A deals for private equity inves\u00adtors and global large-cap public compa\u00adnies. Foun\u00added in 2003, Arma today employs a large dedi\u00adca\u00adted advi\u00adsory team with unpar\u00adal\u00adle\u00adled domain exper\u00adtise and an envia\u00adble track record in each of the diverse sub-segments that toge\u00adther comprise the ever-expan\u00adding global Digi\u00adtal Economy.<\/p>\n","protected":false},"excerpt":{"rendered":"