Private Equity

Buyout firm brings up century of add-ons

Mid-market private equity firm Lyceum has hit an unusual milestone

Lyceum has notched up 100 add-on deals since its formation in 2000
Lyceum has notched up 100 add-on deals since its formation in 2000 Photo: iStock

London-based Lyceum Capital has hit an unusual milestone, completing its 100th add-on deal for a portfolio company, as the popularity of add-on acquisitions among private equity firms continues to rise in Europe.

The firm said in a statement that it had acquired four private finance initiative contracts from Dawn Construction Limited for an enterprise value of £4 million on behalf of its portfolio company Bellrock, a facilities management company.

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