UK mid-market firm Lyceum Capital has sold portfolio company M&C Energy group to a French trade buyer, as “pass the parcel” secondary deals - exits to other buyout firms - are surpassed by trade exits.
Trade buyer Schneider Electric, a French-headquartered energy management firm, is finalising an agreement to buy Dunfermline-headquartered M&C for around £90m, according to a source close to the situation.