Atlantic-Pacific Capital, Inc., is pleased to announce the final
closing of Lyceum Capital Fund II ("Fund II") on GBP 255 million
(US$496 million). Lyceum´s target for the fund was GBP 200 million.
Fund II attracted commitments from over 20 institutions and family
offices in the United Kingdom, the United States and continental
Europe. Atlantic-Pacific Capital acted as the exclusive global
placement agent.
Lyceum Capital (the "Firm") is focused on lower middle-market
companies headquartered in the United Kingdom. The Firm aims to make
control investments in platform companies within fragmented services
markets where a consolidation strategy can be pursued. Fund II is the
first fund following the Firm´s spin-out from the investment banking
business of Germany´s WestLB AG in May 2006. Since then, Lyceum has
completed 16 acquisitions (comprising two platform acquisitions and 14
add-on acquisitions) and successfully exited four investments.
About Atlantic-Pacific Capital, Inc.
With offices in North America, Europe and Asia, Atlantic-Pacific
Capital, Inc., is the largest independent global placement agent
solely dedicated to raising capital for alternative investment funds
and direct private placement transactions. Typical projects include
private equity, real estate and hedge fund placements, as well as
private placement financings in support of acquisitions, buy-outs and
growth capital transactions. Founded in 1995, Atlantic-Pacific has
raised in excess of $33 billion for its clients and has developed
relationships with over 4,000 alternative investors worldwide. For
more information, visit www.apcap.com.
About Lyceum Capital Partners, LLP.
Lyceum Capital concentrates on building value in mid-market
services businesses in partnership with management teams through
investment in profits growth, market consolidation and strategic
innovation. Lyceum Capital Fund I´s investments include Southern
Cross, the elderly care homes group sold to Blackstone for GBP 167
million in 2004 and listed in 2006; Asquith Schools, acquired by
Cognita in 2004; Clinovia, the leading independent home healthcare
company, sold in 2006 to BUPA for GBP 88 million and National
Britannia Group Limited (NBG), one of the UK´s largest specialist
providers of health and safety compliance services, to Connaught plc
for GBP 92 million. Since 2000, Lyceum has acquired 41 companies
including nine platforms in healthcare, education, outsourcing, social
housing services, technology and industrial services. Lyceum Capital
Fund I has, to date, returned GBP 347 million to investors and
co-investors. For further information, please visit
www.lyceumcapital.co.uk.
