Lyceum Closes TotalMobile MBO, MMC Nets 11x Return in Exit
September 16, 2015
Lyceum Capital has completed the management buyout of TotalMobile, a developer of enterprise mobility software with revenues of £15 million. MMC Ventures exited its stake in the transaction, netting an 11x return on its investment. TotalMobile software is used by over 30,000 workers in more than 200 organizations in the public and private sectors; Lyceum's Martin Wygas and Geoff Neville will join the company's Board of Directors.