Lyceum backs Style Research

The deal size remains undisclosed, although the business is believed to be worth in excess of £30m. Lyceum declined to comment on the stake it secured. It is currently deploying its third £330m fund and usually targets equity tickets of £5-50m.

The GP invested alongside management, founder Robert Schwob and Invex Capital Partners, which initiated the deal.

Besides funding further product development, the fresh capital is expected to finance Style Research's international expansion, namely into the North American, European and Asian markets. Acquisitions could be considered in the future.

Company
Established in 1997, Style Research provides portfolio analysis as well as market analysis services and research facilities on a software-as-a-service basis. It targets global institutional investment professionals, with 300 clients including asset owners, managers, advisers and consultants.

Based in London with further offices in Boston and Montreal, Style Research expects to post a turnover of around £10m for the current financial year.

People
Lyceum's Jeremy Hand led the investment and will join the board of directors.

Advisers
Equity – EY (Commercial due diligence); Olswang (Legal); Goldenhill (Corporate finance); KPMG (Financial due diligence).
Company – Solomon Taylor & Shaw (Legal); Foley & Lardner (Legal); BCMS (Corporate finance); Markhams Accountants (Financial due diligence).

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• Topics
• UK / Ireland
• Expansion
• Financials
• Horizon Capital (formerly Lyceum Capital)