Mobeus has invested £3.7m to support Redline Assured Security Ltd (“Redline”), a world leader in the provision of security training, quality assurance and consulting, primarily to the aviation sector. The funding will be used to accelerate the roll out of Redline’s products and services in a number of new international markets.
Andrew Lock and Craig Hewitt-Dutton from LockDutton Corporate Finance were the Corporate Finance adviser to the company Redline Aviation Security Ltd and the shareholder / directors Paul Mason and Jim Termini. They prepared a comprehensive Information Memorandum setting out the investment opportunities for an investor and worked closely with both their client and the team at Mobeus VCT plc, led by Richard Babington and Jonathan Gregory throughout the whole process which lasted 6 months, resolving issues as and when they arose, so as to ensure that the transaction will be completed within a sensible timeframe.
Richard Babington, the Mobeus Partner who led the transaction, commented: “Britain is renowned worldwide for the quality of its aviation security, and Redline is the pre-eminent provider of aviation security training and quality assurance in Britain. We are delighted to be backing Paul, Jim and Redline as it continues to accelerate its development into Europe, the Middle East and Asia.”
Paul Mason, CEO of Redline, said: “The chance to work with a progressive, supportive equity house like Mobeus is an extremely exciting prospect for the whole team at Redline. We intend to maximise the opportunity to make a real difference in a very uncertain world.”