Technology and IT services Deal advisory

Growth capital investment by Mobeus Equity Partners in BookingTek

26 October 2016

Moore Kingston Smith Corporate Finance is pleased to have provided financial due diligence services to Mobeus Equity Partners in connection with its £2.2m growth capital investment in BookingTek. BookingTek is a provider of direct-booking software to major hotel groups. The funding will be used to expand the BookingTek team, broaden its international presence and facilitate the development of future products.

Greg Blin, Investment Manager at Mobeus comments, “The Moore Kingston Smith team brought a strong mix of technical capability and commercialism, quickly identifying and dealing with the key financial issues which helped Mobeus in our assessment of the deal. We are grateful to their professionalism and support throughout the process and we look forward to working with the team on future transactions.”

London-based BookingTek, which was founded in 2011, provides software that enables hotels to reduce their reliance on third-party booking systems through an enterprise-grade, real-time booking platform for meeting rooms and restaurant reservations. The platform incorporates PCI payment processing that enables hotels to make their products viewable, bookable and payable all on their own website.

BookingTek’s products meet a key strategic focus of hotel groups at present which is to encourage guests to book directly rather than through third parties. BookingTek’s existing clients include two of the world’s top 10 hotel groups and the UK’s largest hotel group. BookingTek’s Meetings Maker product is the only software product that integrates with Oracle MICROS’ Opera Web Services for Sales & Catering, the leading hotel property management (PMS) software world-wide.