Lyceum Capital has closed its second fund £55m above its £200m target on £255m. Lyceum Capital Fund II will invest, alongside management, in mid-sized UK-headquartered service companies. This is the first fund that Lyceum has raised since its buyout from WestLB in May 2006. Since then, Lyceum has completed 16 acquisitions (2 new platform acquisitions and 14 add-on acquisitions) and successfully exited four investments - realising in aggregate £216m for investors in addition to earlier realisations of Southern Cross and Asquith Schools totalling £225m.
Shares have been sold to institutional investors for €15.8 a share
Add-on is the first since LDC and Ares provided financing of £100m to the telecoms company in 2019
Acquisition of the fire safety systems provider is the first from the GP's €1.1bn eighth fund
Fresh capital will go towards increasing delivery speed and geographic footprint