Lyceum Backs MBO of Briefing Media, Kester Capital Sees 3.4x Return
July 14, 2015
Lyceum Capital has backed management in the acquisition of Briefing Media from Kester Capital. Operating brands in the agriculture, healthcare and media sectors, the company publishes news and information, provides print and online tools for professionals, and runs events and seminars. Lyceum's investment came from its £330 million third fund, while the exit generated at 3.4x money multiple and a 56% IRR for Kester Capital. Briefing Media was co-advised by The Jordan, Edmiston Group and Clarity.