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.
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GP started raising its latest fund in late September 2020 and plans to continue fundraising into Q2 of 2021
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Fund invests in companies across the food and agriculture sectors to boost their growth and technological development