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MPB sichert sich £50m bei Vitruvian und Acton

Kate­gorie: Private Equity
Foto: MBP kauft und verkauft moderne Photo- und Video-Appa­rate sowie Zube­hör
7. April 2021

London/ Brighton –  MPB, the world’s largest reseller of photo and video kit, has raised £49.8 million in its latest fund­ing round, led by Vitru­vian Part­ners with partic­i­pa­tion from current investor Acton Capi­tal, join­ing exist­ing investors Mobeus Equity Part­ners, Beringea and FJ Labs.

Founded in Brighton in 2011, MPB is a stand­out driver of the creator econ­omy grounded in a busi­ness model of circu­lar­ity that deliv­ers both economic and envi­ron­men­tal sustain­abil­ity. Recir­cu­lat­ing 300,000 items of kit glob­ally each year, MPB has trans­formed access to photo and video kit by offer­ing a tech­nol­­ogy-based, customer-centric service that removes the risk and uncer­tainty attached to using many of its competi­tors.

Matt Barker, Founder and CEO, MPB said: “This fund­ing round is a major mile­stone for MPB culmi­nat­ing a decade of strong perfor­mance and a vision to make great kit acces­si­ble and afford­able.

With the back­ing of Vitru­vian Part­ners and those rein­vest­ing in our busi­ness we can accel­er­ate our US and Euro­pean growth strat­egy at scale, prof­itably. Photog­ra­phy and videog­ra­phy are intrin­sic to soci­eties and cultures all over the world, and at MPB we have created a circu­lar model that offers every­one the chance to be visual story­tellers and content creators in a way that’s good for the planet.”

The used kit market is in a period of signif­i­cant expan­sion as more consumers purchase sustain­ably in the circu­lar econ­omy. With estab­lished loca­tions in the UK, US and Germany, MPB is well-posi­­tioned to take advan­tage of this grow­ing trend. The new wave of fund­ing will allow the company to focus on new prod­uct devel­op­ments and tech­nol­ogy that broaden the ways in which people can access kit, and bolster exist­ing oper­a­tions to bring more kit to more people.

Tom Studd, Part­ner at Vitru­vian Part­ners, the inde­pen­dent growth-focussed private equity firm, said: “MPB has devel­oped a unique tech-enabled plat­form to meet a market need, trans­form­ing access to photog­ra­phy kit to become a global leader in its field, whilst build­ing a prod­uct that genuinely has a posi­tive impact on the world. Matt and the team have achieved strong and prof­itable growth through recent launches in the US and Germany, and we’re delighted to part­ner with them for the next step of the jour­ney. Vitru­vian looks to back excep­tional teams with unique prod­ucts in large markets, and we believe Matt and the team fit those crite­ria perfectly.”

Vitru­vian Part­ners, which has previ­ously invested in success­ful circu­lar compa­nies includ­ing Vesti­aire Collec­tive as well as house­hold names Carwow, Just Eat, Farfetch, Skyscan­ner and Trust­pi­lot, becomes MPB’s largest share­holder and is supported in this round by exist­ing investor, Acton Capi­tal. Mobeus Equity Part­ners, which first invested in MPB during its Series A fund­ing and remains MPB’s second largest insti­tu­tional share­holder, has partially exited. Beringea and FJ Labs remain involved.

Sebas­t­ian Wossagk, Manag­ing Part­ner at Acton Capi­tal, said: “It’s always a priv­i­lege to watch compa­nies like MPB grow and excel in their field. Matt and his team have already taken the first steps into inter­na­tion­al­i­sa­tion by open­ing loca­tions in Brook­lyn and Berlin, and we’re excited to support them as they pursue further expan­sion in both the US and Europe.”

Arma Part­ners has acted as exclu­sive finan­cial advi­sor to MPB on the £50m invest­ment led by Vitru­vian Part­ners, with partic­i­pa­tion from exist­ing investor Acton Capi­tal.

About Arma Part­ners
Arma Part­ners provides inde­pen­dent corpo­rate finance advice to compa­nies and investors active in the global Digi­tal Econ­omy. We act as trusted advi­sors to Digi­tal Econ­omy lead­ers through­out their entire corpo­rate life­cy­cle, from rais­ing private capi­tal for fast-grow­ing disrupters and founder-led busi­nesses to orches­trat­ing complex cross-border M&A deals for private equity investors and global large-cap public compa­nies. Founded in 2003, Arma today employs a large dedi­cated advi­sory team with unpar­al­leled domain exper­tise and an envi­able track record in each of the diverse sub-segments that together comprise the ever-expand­ing global Digi­tal Econ­omy.

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