Lyceum Sells National Britannia

Lyceum Capital has agreed to sell National Britannia Group Ltd., a UK provider of health and safety compliance services, to Connaught PLC. The deal is valued at Gbp91 million, and is subject to Connaught shareholder approval. Lyceum sponsored a management buyout of National Britannia in March 2005, with the firm saying that the company's sales have risen 81% and its EBITDA has nearly tripled.