UK - Lyceum Capital acquires McKinnon & Clarke for £22m
Mid-market investor Lyceum Capital has acquired McKinnon & Clarke (M&C), one of the largest energy procurement and compliance specialists in Europe, for £22m.
Founder Sandy McKinnon will retain a minorty stake in the business. HSBC provided debt to support the transaction.
Headquartered in Fife, M&C advises business users on energy and environmental usage and legislation in regulated and deregulated markets across the globe. The consultancy provides a broad range of planning, procurement and management services. The company employs 87 people in Scotland and a further 286 across an international network of offices spanning 18 countries in Europe and the Far East. M&C has a turnover of £22.7m.
Lyceum intends to help the company grow organically and through strategic acquisitions.
Lyceum was advised by KPMG and Travers Smith.
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