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Oakley advises Lyceum Capital on the £50m acquisition of Access UK
Completed Transactions - Access Logo
Sector:
Technology
Transaction Type:
Acquisition
Date:
March 2011
Deal Value:
£50m

Oakley Capital Corporate Finance (“Oakley”) is pleased to announce that it has acted as financial adviser to Lyceum Capital (“Lyceum”) on the £50m acquisition of Access UK (“Access”).

Access is a software, solutions and consultancy house that provides a full range of enterprise resource planning (ERP) software and services, with a particular focus on financial management systems (FMS) and human capital management (HCM) solutions. It serves a 5,000-strong mid-market client base spread across a broad range of sectors. Established in 1991, Access has grown to become a £28 million turnover business with an EBITDA of £5.5m and employs over 300 people.

The transaction will see Lyceum invest alongside Access’ existing management, led by CEOChris Bayne, which has been responsible for driving a 15 per cent growth in sales over the last 12 months. Lyceum’s investment will help the team execute its ambitious growth plans.

Eric Lakin, Director of Oakley, said:

“We are delighted to have been able to assist Lyceum with the acquisition of Access. The transaction is another demonstration of Oakley’s software and technology credentials, which form an important component of our mid-market Technology, Media & Telecommunications (“TMT”) advisory capability.”

For further information please contact:
Chris Godsmark, Partner
+44 207 766 6900

*Completed by Oakley Capital Corporate Finance

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