22 January 15
An article about Mobicon Systems was published on the MergerMarket website on 22nd of January 2015:
"Mobicon Systems, a private Australian container handling and lifting equipment manufacturer, is currently seeking to raise AUD 5m for international expansion and product development, said Tom Schults, who owns the company with his wife.
Mobicon Systems has appointed BlueMount Capital to assist with the raise and is also looking to bolster its board with accounting, legal or industry professionals, and potentially also any new investors in the company, Schults said. ROCG Asia Pacific is its accountant.
Mobicon Systems, which expects a revenue of AUD 10m (USD 9.5m) for 2016, is seeking to raise AUD 3m for a minority equity stake and AUD 2m in debt.
Equity investors could include high net worth investors or venture capital (VC) firms but Mobicon Systems’ preference is for strategics with industry expertise, which could include logistics companies or materials handling companies, in particular fork lift companies, Schults said. These could be companies in Australia, the US, Europe like the Netherlands, or Asia like Japan, he said.
The company is also having discussions with potential debt providers, Schults said, noting that the company’s commercial banker is CBA"