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Lyceum Capital Backed Access UK Completes Acquisition of DHC Finance Limited

Apr 20, 2012
Acquiree : DHC Finance Limited
Acquirer : Access UK
Domain : Banking
Company's Region : Europe
Merging Company's Region : Europe
Deal Notes :

Lyceum Capital backed Access UK (Access) has completed the acquisition of DHC Finance Limited for an undisclosed amount. The acquisition is to introduce new intellectual property, expertise as well as annual support contracts worth GBP 1 million to clients like Baker Tilly and Bloomsbury.

Chris Bayne, Chief Executive Officer of Access, says that they look forward to developing a strong relationship with 350 newly acquired direct customers and build on a great first 12 months after the Management Buyout. Likewise, Jeremy Hand, Founding Partner of Lyceum Capital and Board Member of Access comments that the DHC deal will continue Access’ move from a reseller driven model to a direct-to-customer approach and position the business ideally for continued growth