Souter Investments
is one of the UK’s leading family investment offices specialising in private equity

Mobius Life

Mobius Life

Vintage: January 2014

Exit Date: October 2019

Sector: Financial Services

Location: London

Type: MBO

Souter Role: Lead Investor, Majority Stake

Souter Director: Yes

Status: Realised

Mobius Life is an authorised unit-linked UK life insurance company, helping UK institutional pension schemes and asset managers implement their investment strategies, and meet their investment objectives.

The Company offers clients access to an investment platform operating within a life company structure, supported by a wide range of investment services. Uniquely, Mobius Life does not represent proprietary funds and therefore avoids conflicts of interest associated with proprietary fund providers.

Souter Investments supported management and Manfield Partners in completing an MBO of Mobius Life from Alexander Forbes, the South African financial services conglomerate. The buy-out completed in January 2014 following approval by the Prudential Regulatory Authority.

Since acquisition the business has grown assets under administration from c.£3.0 billion to c.£17 billion, and it now provides value adding services to more than 550 institutional clients including pension scheme trustees, consultants and advisers, asset managers, and life insurance companies.

Mobius Life won Best Institutional Platform Award UK in 2015 and in December 2018 completed the transfer of its bundled group pension business to Scottish Friendly.

In October 2019 Souter Investments completed the sale of Mobius Life to Phoenix Equity Partners. Phoenix will invest alongside the current management team, led by Mobius Life CEO Adrian Swales. Terms have not been disclosed.


Related posts: 

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.

Adrian Swales CEO