Souter Investments, the family investment office of Sir Brian Souter, is part of a Lyceum Capital led transaction which has invested in DMC Canotec, one of Britain’s biggest providers of managed print and document management services.
Calum Cusiter, Investment Director of Souter Investments, said "We were delighted to be introduced to DMC and to be a part of Lyceum's transaction. Founder Jon Hill and CEO Simon Davey have undoubtedly built a high quality and ambitious business in what is a competitive market and, together with Lyceum, we are confident that they can continue to grow. We look forward to sharing this journey in the coming years.”
Luke Kingston, Partner at Lyceum Capital, added “Having closely followed the managed services market for several years, we identified DMC Canotec as an outstanding business with huge potential for growth in a highly fragmented space. We look forward to working with Jon, Simon and the team to help the company realise its ambitions and lead consolidation of the sector.”
Please see the press release below for more details.