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Lyceum Capital
Oakley advises Lyceum Capital on its £50m acquisition of Timico
Transaction Type:
Feb 2017
Deal Value:

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering sector specialist advice across the TMT sector, has advised Lyceum Capital (“Lyceum”), on its £50 million acquisition of Timico Technology Group (“Timico”). The Oakley team was led by Daniel Havercroft, Partner and assisted by David Rogers, Associate.

Timico was founded in 2004 by Tim Radford and provides managed cloud services to a core client base of 500 mid-market and enterprise customers. Over the past 12 years the business has grown strongly, currently generating revenues of £56m and employing over 300 people. Ben Marnham joined the business as CEO in September 2016 and alongside existing CFO Harry Pepper, new COO Clodagh Murphy and new Chief Commercial Officer Simon Payne, will deliver the next phase of growth. The growth strategy focuses on investment in sales and marketing, developing a new go-to-market proposition and accelerating the company’s shift to become an end-to-end managed cloud service provider. In addition, Timico’s organic growth plans will be accelerated through selective acquisitions.

Daniel Havercroft, Partner at OAL, commented:

“We are delighted to have advised Lyceum on its acquisition of Timico. The management team at Timico has developed an exciting plan to become a leading managed cloud service provider in the UK and in Lyceum have found a sector specialist that will help them capitalise on the strong growth dynamics of this market.”


Oakley Advisory
Oakley Advisory Limited (“Oakley”) is one of Europe’s leading independent corporate finance firms offering expert, specialist advice across a range of sectors including Telecoms, Technology, Online, Media, Datacentres and Hosting. We are unique in the mid-market in offering highly specialised sector insight and knowledge combined with our Equity Capital Markets capability, meaning we can provide the fullest possible suite of advice across both public and private markets.

This deal is the latest in a series of UK telecoms and managed services deals for Oakley in the last 12 months after advising Daisy on its acquisition of Alternative Networks, Metronet (UK) on its acquisition of M247, Modrus on its sale to Nasstar, Beech Tree Private Equity on its investment in Wavenet, Optimity on an investment by FPE Capital, Southern Communications on an investment by Livingbridge and Maintel on its acquisition of Azzurri.

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