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  • Buyouts

UK - Lyceum Capital acquires McKinnon & Clarke for £22m

  • Deborah
  • 04 January 2010
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Mid-market investor Lyceum Capital has acquired McKinnon & Clarke (M&C), one of the largest energy procurement and compliance specialists in Europe, for ТЃ22m.

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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