Lyceum Capital has acquired a majority stake in UK-based communications support and consultancy firm Sabio, in a deal valuing the business at £50m.
LPs including Servier, BPI France and Idinvest commit to the biotech- and heath-focused fund
Managing director Thomas Hübner will also invest in the newco for a minority stake
Company's board and management team will stay on with the business following the deal
In his new role, Daneshpay will provide operational support to the firm’s UK portfolio companies