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NVM Private Equity completes buyout of UK mobile virtual network operator

U.K.-based NVM Private Equity LLP, through its NVM Private Equity Vintage III LP, closed the management buyout of mobile virtual network operator Mobius Networks Ltd.

Financial terms of the deal were not disclosed.

The investment will help accelerate Mobius' growth and further develop its software and sales expertise.

NVM's Andy Leach and Liam May joined Mobius Networks' board at completion.

NVM was advised by Continuum, CIL, Deloitte, Dow Schofield Watts and DWF. Mobius was advised by KBS Corporate and Shakespeare Martineau.

U.K.-focused NVM invests between £1 million and £15 million in businesses with a mix of growth potential and market vision.