
UK - Lyceum exits Clinovia through a sale to BUPA
Lyceum Capital has realised its investment in home healthcare services provider Clinovia. The Harlow-based company was acquired by BUPA for £87.7m. The returns on the deal have not been disclosed.
Lyceum backed the £32m management buyout of Clinovia in August 2003 in its former guise, West Private Equity. It has since grown the company through a combination of investment in its resources and facilities and by making five acquisitions including that of care agency CCS Blackpool in October 2006. Over the course of its involvement in Clinovia, Lyceum has seen the company's turnover swell by 69% to £102m this year.
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