UK - Lyceum-backed SPI makes first acquisition

Lyceum Capital portfolio company SPI Group Ltd has acquired Octopus Electrical Ltd for an undisclosed sum. SPI is a supplier of services including installation, repairs, maintenance and support for the social housing sector. Octopus serves a wide range of customers in the social housing sector across the Midlands, the West of England and Wales, through long-standing partnership and framework agreements. The acquisition has been funded by Lyceum Capital and Lloyds TSB.