
Lyceum buys DMC Canotec
Lyceum Capital has acquired a majority stake in UK-based document management services company DMC Canotec.
The GP has announced its investment in the UK provider of print and document management services. The transaction marks Lyceum's first new platform of the year and has been funded by a number of Lyceum's existing LPs, as well as new institutional investors.
The firm moved to a deal-by-deal strategy earlier this year after fundraising for its fourth fund proved difficult.
Lyceum will invest alongside DMC Canotec's management team to support the continued growth and development of the business and enable the company to make further acquisitions to broaden its portfolio of managed services.
The private equity firm recently backed Sabio Group in its £10m acquisition of Bright UK, a customer and employee satisfaction survey software provider. This was the fifth add-on made by Lyceum portfolio companies this year.
Company
DMC Canotec was founded in 1991 by CEO Jon Hill and his business partner, Justin Nicholson. It is an independent supplier of print, archive and document management systems. The company is based in Croydon, Surrey, and employs 170 people, serving clients across the SME market.
People
Lyceum Capital – Luke Kingston (partner).
DMC Canotec – Jon Hill (founder & CEO); Justin Nicholson (founder); Simon Davey (managing director).
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