Lyceum Capital Expands

UK mid-market firm Lyceum Capital has expanded its investment team with the appointments of Matthew Norrington and Thomas Alldred as the UK lower mid-market growth investor prepares to deploy its third fund.
Norrington joins as an investment director from LDC where he spent over five years originating and executing buyouts. Alldred’s appointment as an investment executive follows a two and a half year spell as an executive in Deloitte’s transaction services team.

PRESS RELEASE

Lyceum Capital has expanded its investment team with the appointments of Matthew Norrington and Thomas Alldred as the UK lower mid-market growth investor prepares to deploy its third fund.

Matthew joins as an Investment Director from LDC where he spent over five years originating and executing buyouts with enterprise values (EV) of between £5m and £100m, as well as supporting the development of the firm’s portfolio companies. He worked on nine transactions during this time, including the buyout of mechanical engineering specialist PJD and exit from specialist retailer american golf.

In 2006 Matthew joined Control Risks Group as a Strategy and Planning Consultant where he supported the global security consultancy business’ senior management team to create a new internal planning function. Prior to this he spent over a year supplying commercial due diligence to leading private equity clients as a Senior Associate in Deloitte’s Transaction Services practice.

Thomas Alldred’s appointment as an Investment Executive follows a two and a half year spell as an Executive in Deloitte’s Transaction Services team. There he advised corporate and private equity clients, providing due diligence and other transaction-related services. Thomas is a Chartered Accountant and a University of Cambridge graduate.

Simon Hitchcock, Partner at Lyceum Capital, said: “Matthew’s strong transactional experience in the sub-£100m EV segment and Thomas’ pedigree in supporting private equity investment processes will be very valuable as we enter the next stage of our business’ development; investing our third and largest fund to date.

“These appointments take headcount in our investment team to 10 and indicate our continued confidence in the resilient UK lower mid-market. The segment consistently provides quality investment opportunities across a host of sectors, despite challenging economic conditions.

“We are seeing significant appetite for capital amongst ambitious management teams and real potential for investors to create value, particularly through transformational change and buy-and-build models in fragmented emerging industries.”

Lyceum Capital’s portfolio includes business software developer Access Group, managed hosting provider Adapt, security software company Clearswift, and drainage and water services business UKDN Waterflow. Last year the firm exited its investment in M&C Energy Group, a leading global energy consultancy, to trade buyer Schneider Electric, the French-headquartered multinational energy management company.

ENDS

26 June 2013

For more information on Lyceum Capital, contact Dave Lafferty at Citypress on 0161 235 0318 or dave.lafferty@citypress.co.uk.

About Lyceum Capital
Lyceum Capital is an independent investment firm that invests in innovative and growing mid-sized UK-headquartered businesses; having acquired over 60 businesses in the UK and internationally over the last ten years. Lyceum plans to invest a further £300 million in the UK over the next two to three years.

Lyceum Capital makes targeted investments in mid-sized businesses with the potential to become larger participants in fragmented and growing sectors; and has a strong track record across a number of industries.

Lyceum Capital works alongside management teams to increase scale by driving growth through investing in infrastructure and improved operations as well as sourcing and funding complementary acquisitions in the UK and internationally. Through a combination of investment, operational and strategic input Lyceum Capital helps management build robust and successful businesses with good long-term growth prospects.

Dave Lafferty
Account Director
Citypress