Spectrum Corporate Finance has advised Access-IS and shareholders on an investment by Mobeus Equity Partners to support the management team in growing the electronic data-capture business.
Spectrum acted as lead advisor to the owners introducing potential investors, helping to structure the deal and project managing the project through to a successful completion.
Founded in 1985 as a specialist keyboard maker, today Access-IS designs and manufactures equipment that enables fast and accurate capture and transfer of information into electronic systems based on bar codes, RFID and image processing techniques. The business is based in Reading and exports 80% of its sales to global customers in its main verticals: Airlines and Airports, Identity and Security, Public Transport and Ticketing.
Access-IS is a market leader in Airlines and Airports with its hardware present in more than 200 airports, including 36 of the world’s top 50. Within the ID and security market, Access-IS is the leading global provider to the fast-growing video ATM market and supports customers across a range of ID verification and ‘Know Your Customer’ applications.
Access-IS has also seen rapid growth in its Transport and Ticketing business having had its technology deployed in ticketing barriers in a number of high-profile locations including Kings Cross and Marylebone stations in London.
Mobeus’s investment will be used to accelerate growth plans in these large new markets and support the business as it moves into significant volume manufacturing.
The management team is led by CEO Guy-Franck Nakach and supported by Chairman Alistair Crawford, former CEO of Psion Plc, CMG and CSC.
"We are delighted to have completed our investment in Access-IS. Guy-Franck and his team have built a fantastic platform for the business and we are hugely excited to be supporting them in their growth plans. Spectrum were absolutely key to the completion of our investment in Access-IS. They worked tirelessly to ensure that the investment completed against a tight timescale and showed the value of high quality Corporate Finance advice."Chris Price, Partner at Mobeus
"Mobeus made it clear from our first meeting that they bought into our vision for Access. Early in the process, they mobilised senior resource to give us real confidence in their motivation to work alongside us and, having made their offer, delivered it through an intense period of due diligence. We are delighted to welcome Mobeus’s Guy Blackburn to the board and look forward to working alongside our new partners as we build on the successful track record established by Access-IS founder Roger Wylie."Guy-Franck Nakach, CEO of Access-IS
"Spectrum's knowledge of the market and advice ensured that we were able to achieve a successful deal for all."Roger Wylie, former owner of Access-IS