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ACQUISITION
FDN Database Reference: F231109-285
Acquirer: Lyceum Capital
ACQ Web: http://www.lyceumcapital.co.uk
Location: United Kingdom, London
Region: Europe
Description: Private Equity
Category: Private Equity
Contact 1: Daniel Adler, Partner
Contact 2: David Harland, Partner
Vendor: McKinnon & Clarke
Vendor Web: http://www.mckinnon-clarke.co.uk
Location: United Kingdom, Fife, Scotland
Region: Europe
Description: European energy procurement and compliance specialists.
Category: Energy, Procurement
Contact 1: Sandy McKinnon, Founder
Contact 2: Simon Northrop, CEO
Aprox. Value: £22,000,000
Details: Lyceum Capital has taken a significant majority stake in McKinnon & Clarke. The company employs 87 people in Scotland and a further 286 across an international network of offices. The growth plan will focus on new opportunities in international markets and aims to treble the £22.7 million turnover during the next few years. Sandy McKinnon will retain a minority share in the business and CEO, Simon Northrop, will continue to lead the company. Daniel Adler and David Harland from Lyceum Capital will join the board. Debt funding was provided by HSBC.
Link: Press Release
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