Forward support Horizon Capital's investment in DMC Canotec
Forward Corporate Finance is pleased to announce the investment by Lyceum Capital into DMC Canotec, a UK-headquartered managed print and document management services business.
DMC Canotec was established in 1991 by chief executive Jon Hill and business partner Justin Nicholson. Simon Davey joined the company as managing director in 2016 and revenues have grown by almost a quarter since his appointment. Lyceum sees the opportunity to build DMC into a consolidator of what is a fragmented market, with 300 companies in the UK.
Forward Corporate Finance provided financial analysis and modelling support for the acquisition, including analysis of historical performance and development of a fully integrated forecast model to support the investment case for both equity and debt funding.
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