Mobius Life Limited secures long-term backing from Phoenix Equity Partners for client-focused growth

Independent institutional investment platform, Mobius Life, has secured backing from Phoenix Equity Partners, a leading UK mid-market private equity firm. The investment will enable Mobius Life to further develop its proposition for clients and advisers and continue to deliver a high quality institutional platform service.

Mobius Life is the only UK institutional platform which is not owned by an asset manager, investment consultant or large corporate. This enables it to concentrate its attention on delivering platform services without the conflicts of interest of other ownership models.

Mobius Life has seen strong growth since it undertook a management buy-out in 2014. Assets have grown from c.£3 billion to c.£17 billion, establishing Mobius Life as the UK’s leading institutional investment platform.

The 2014 management buy-out was backed by Souter Investments, which has agreed to sell its stake in the business to Phoenix Equity Partners. The senior management team and staff, many of whom are shareholders in the business, all remain with Mobius Life to drive its continued growth and development.

Adrian Swales, Chief Executive, Mobius Life says: “We are grateful to Souter for their support in helping us develop a robust and scalable platform solution that offers our pension scheme customers and their advisers clear benefits and the best outcomes.

“The investment by Phoenix sets us up for our next exciting phase of growth and demonstrates confidence in our business, senior management and wider team to continue our track record of outstanding performance. We are delighted to have Phoenix on board.”

The transaction is subject to regulatory approval by the Prudential Regulation Authority and the Financial Conduct Authority.

-ENDS-

For further information, please contact:
Mobius Life, Mike Lord
E: [email protected]
M: +44 (0)7831 401 311

Phoenix, Greenbrook Communications
Matthew Goodman, Katarina Sallerfors, Ed Jenkins
E: [email protected]
T: +44 20 7952 2000

Souter, Beattie Communications
Gordon Beattie
T: +44 (0) 800 612 9890

Notes to Editors:
Mobius Life (www.mobiuslife.co.uk) is a UK life insurance company and institutional investment platform, established in 1996, with c. £17 billion assets under administration. We deliver investment administration and life company services to DB and DC pension funds, asset managers and other institutions. Mobius Life empowers investors to implement investment strategies efficiently in a cost-effective manner.

Phoenix Equity Partners (www.phoenix-equity.com) is a leading private equity investor in medium-sized, UK-based companies. Founded in 2001, the firm has successfully invested more than £1bn in over 45 companies, across a wide range of sectors, backing entrepreneurs and management teams with bold plans to build great businesses. Phoenix is independently owned by its executives, managing funds on behalf of leading institutions from around the world. Phoenix has a successful track record of investing in technology-enabled businesses, including 2016 Fund investments in Nexus, GFS and Travel Chapter. Other recent investments include Nineteen Events and Capital Economics. Mobius will be Phoenix’s tenth investment in the 2016 Fund.

Souter Investments (www.souterinvestments.com)is one of the UK’s leading family investment offices specialising in private equity. Souter has investments in approximately 30 unquoted companies, acting both as a lead investor and as a co-investor with other financial sponsors. Souter’s portfolio includes FinTech online and ecommerce interest-free-only credit provider DivideBuy; Pet Centar, the leading pet supplies retailer in South East Europe; and Ashtead Technology, which offers fully integrated equipment solutions to the subsea and onshore environmental monitoring and inspection sectors. Recent exits include the sale of OnniBus.com, First Scottish Group, Endura and Baywater Healthcare.