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The Venture Codex

Lyceum Capital

1st Floor, Brettenham House, 2-19 Lancaster Place, London, England, WC2E 7EN, United Kingdom

Overview

Horizon Capital invests in technology and business services companies. They’ve developed a consistent and proven approach to driving sustainable growth and creating market businesses. They stay ahead of the trends in their markets and evolving business models, enabling them to work with their management teams to build a focused acquisition strategy and an optimal approach to organic growth. Their team has built a deep understanding of the dynamics of growth in technology and business services companies. They undertake market mapping to identify strategic platform investments and transformational add-ons for their portfolio. Their sector expertise also helps them guide their management teams in achieving the maximum valuation for the business.

Total investments
7
Lead investments
7
Investments · 12mo
0
Active investors
0

Sector focus

  • Finance
  • Financial Services
  • Information Technology
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Investment portfolio

  • Wireless Innovation

    Led · Equity · Sep 2017

    Wireless Innovation is a UK-based M2M managed services connectivity provider founded in 2004 by CEO Phil Rouse. It delivers connectivity as a managed service via its own platform and specializes in M2M data connectivity in partnership with satellite and cellular providers worldwide. Its clients operate in over 100 countries across sectors including renewables, electricity, water, oil & gas, telematics, aviation and marine. Notable customers include EDF Energy, Iberdrola and Scottish Water. In April 2017 the company received a £20m investment from Lyceum Capital. As part of the transaction Edward Spurrier, former CEO of Alternative Networks, joined as chairman and will lead the company's acquisition strategy alongside Rouse. Lyceum's deal team included Simon Hitchcock, Luke Kingston, Tom Maizels, Anne‑Claire de Pompignan and Geoff Neville, with Hitchcock and Neville joining the company's board.

  • Churches Fire

    Led · Equity · Sep 2017

    Churchesfire delivers a full range of fire safety compliance services—including risk assessments, safety training, and service and maintenance of fire protection systems—to over 8,000 commercial customers. The company employs more than 140 people and counts customers such as Audi, B&Q, Dairy Crest, Specsavers, Royal Mail and the Post Office. Over the past three years Churchesfire has grown revenues at over 30% per annum and currently generates over £5 million of EBITDA. The business plans to use new capital to develop its technology platform, expand sales and marketing activities, and accelerate a buy-and-build strategy across the UK. Management, led by founder Paul Topley, will re-invest alongside the new investor to support the expansion and add new capabilities to the existing offering.

  • Sabio

    Led · Equity · Jul 2016

    Sabio provides contact center telecommunication solutions and services for large call centres, counting customers such as the AA and global organisations including DHL. Founded in 1998 by Seb Henkes, the company operates from London with additional operations in Glasgow and Singapore. Its offerings target large-scale customer contact operations and telecommunication infrastructure. Sabio reports revenues in excess of £40 million. The company intends to use the recently raised funds to pursue organic growth and a number of targeted acquisitions. Following the deal, Lee Shorten remained Chairman and Andy Roberts, a long-time board member and former COO, became CEO.

  • Adapt

    Led · Equity · Oct 2011

    Adapt provides enterprise-class cloud, infrastructure management, network and data centre services to a wide range of mid-market clients that operate business-critical IT applications. Its client roster includes PKR, Cubic Transportation, Last.fm, LOVEFiLM and LCH.Clearnet. Established in 2001 and based in London, the business employs over 100 people and has a turnover of £35m. Management changes accompany the investment: the current MD will become M&A Director, a new CEO will join from a global managed services provider, and Mark Woodall has joined as Finance Director. Founder Peter Knight will remain on the board in a non-executive capacity. The company intends to use the proceeds to grow organically and through acquisitions.

  • The Access Group

    Led · Equity · Mar 2011

    The Access Group develops cloud business management software, centred on its Access Workspace SaaS platform that consolidates products and data into a consistent user experience. The company serves more than 60,000 customers and employs approximately 5,000 people, having doubled in size since 2020 through double‑digit organic growth and strategic M&A. Access reports uninterrupted profitable growth over the last 15 years and has expanded internationally with offices in nine countries. Management says it will continue to pursue organic product development and acquisitive growth to expand its footprint in the UK, Ireland and Asia Pacific. The firm highlights an acquisition facility intended to support further buy‑and‑build activity and to add technology and people to the Group. Founded in 1991, Access positions its products to transform customer productivity across commercial and not‑for‑profit sectors. The Access Group builds business management software, including its Access Workspace cloud platform, for mid-sized organisations across commercial and not-for-profit sectors. In FY20 the company reported pro forma revenues of £315 million and pro forma adjusted EBITDA of £109 million, representing 47% revenue growth and 48% EBITDA growth year‑on‑year. During FY20 it added 15,000 new customers, bringing total customers to more than 35,000. The company completed nine acquisitions in FY20 and has recently launched the Access People division to combine HR, payroll, learning & development and compliance solutions. It also acquired Attaché in Australia, marking its first wholly overseas software acquisition and signalling intent for geographic expansion. The Access Group plans to continue investing in products, pursue further organic and acquisitive growth, and expand geographically while serving its client base with core back-office systems. The Access Group provides fully integrated business management software to UK mid-market organisations across Finance, HR, Payroll, Hospitality, Recruitment, Health & Social Care, Manufacturing & Distribution, Education and Not for Profit sectors. Led by CEO Chris Bayne, the company serves more than 12,700 UK businesses and not-for-profit organisations. Since TA Associates invested in January 2015, The Access Group has achieved organic growth, completed 11 acquisitions and entered three new vertical markets. The business is headquartered in London, UK. The recent strategic investment values the company at an enterprise value of approximately £1 billion. The funds from the investment are intended to support the company’s next phase of growth. Access UK is a software, solutions and consultancy house that provides a full range of enterprise resource planning (ERP) software and services, with particular focus on financial management systems (FMS) and human capital management (HCM). The company serves a 5,000-strong mid-market client base across a broad range of sectors, including Topps Tiles, National Museum of Science and Industry, Sue Ryder Care, Sacla’ and Birmingham International Airport. It has nine offices across the UK and Ireland and employs over 300 people. Access intends to use the proceeds from the £50m investment to execute an expansion plan focused on rapid organic growth and the acquisition of complementary solutions. The strategy also emphasizes continued product development, including advancement of software-as-a-service (SaaS) capabilities. In conjunction with the transaction, Lyceum Capital acquired stakes previously held by founder Alistair O’Reilly and other shareholders; Lyceum’s Jeremy Hand and Phillip Buscombe joined the board and Gareth Denley was added as Chairman.

Team

No current team members are available.