News

Koh Thai TapasAlcuin investment in Koh Thai Tapas

30th November, 2016

Alcuin Capital Partners is pleased to announce its investment in Koh Thai.

Established in 2009 in Bournemouth, Koh currently operates 12 restaurants across Dorset, Wiltshire, Somerset and Hampshire. The group has built a strong name in the South, won numerous national awards such as Eat Out’s ‘Brand of the Year 2016’ and is currently ranked 6th in the UK as ‘Best Employer in Hospitality’. Alongside its restaurants, Koh operates pop-up lounges for private parties and large public events such as the Bournemouth Air Show.

Andy Lennox, Koh Founder & CEO, The Koh Group (TKG), said: "This deal is the culmination of many years of hard work by the company and positions us perfectly for the next phase of growth. Alcuin have already been an invaluable asset and we are really looking forward to building on the great working relationship we already have with them. For the next stage of growth, we have a brilliant company backing us in Alcuin, a war-chest for development and growth, a passionate management team, 12 thriving restaurants, almost 300 loyal staff and many thousands of loyal customers. Following years of dedication by the team this really is a great opportunity for the business and we are incredibly excited about the future".

Adrian Lurie, Alcuin Capital Partners, added: "Andy and his team have built an excellent brand and we are excited by the opportunity to support the team in the coming years to build on this excellent foundation."

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Dovetail GamesAlcuin investment in Dovetail Games

31th October, 2016

Alcuin Capital Partners is pleased to announce a multi-million pound growth capital investment in Dovetail Games, a market-leader in the development and publishing of simulation games, to fund the development of a range of new products being released next year.

Dovetail Games was established in 2009, specialising in the development and publishing of simulation entertainment products. The company has grown from 7 employees to over 130 people based across two locations in Kent and Scotland since its launch. Initially responsible for producing the Train Simulator series of products on PC, Dovetail has expanded its roster of games to include flight and fishing simulations, available for both PC and console. Dovetail Games is an award winning company, ranked in the Sunday Times Hiscox Tech Track 100 in 2015.

Paul Jackson Esq OBE, CEO of Dovetail Games, commented: "We are excited to welcome the backing of Alcuin in this new chapter for the business and its community of players. We all look forward to working together on the future of our simulation products as we strive to deliver world-class simulation games to our loyal hobbyists."

Mark Storey, Founding Partner at Alcuin Capital Partners, said: "Dovetail Games is just the sort of ambitious, growing, international business that we like to support. We know hobbies make great investments having backed Games Workshop almost 25 years ago!"

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LoregaLorega voted top in 2016 Broker Service Survey

14th October, 2016

Lorega Limited, the UK's market leader in claims assistance and loss recovery insurance, has been ranked first for service in the Commercial Lines category of the Insurance Times Broker Service Survey 2016.

Alcuin invested in Lorega in early 2016. The company has established a reputation as the UK's leading specialist for claims expertise and for providing a first class claims handling services for its customers.

Neill Johnstone, managing director of Lorega, said: "Providing brokers and their clients with a high quality, responsive and dedicated service is at the heart of our business. Our success in the BSS 2016 is a justified recognition for the whole of the Lorega team. The fact we have been voted number one by brokers is testament to the continued delivery of our core values of passion, dedication and expertise. It endorses our commitment to working hard to understand the needs of brokers and their clients, then delivering expert and practical claims and other assistance support that makes a real difference to brokers and policyholders alike."

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Air Charter ServiceAir Charter Service

12th October, 2016

Alcuin Capital Partners is pleased to announce its investment in Air Charter Service, a global leader in the aircraft charter market. Founded in 1990 by Chairman Chris Leach, Air Charter Service now employs more than 350 staff worldwide across 20 offices spanning five continents. The group offers private jet, commercial airliner and cargo aircraft charters, arranging more than 10,000 charters annually.

Justin Bowman, CEO of Air Charter Service, said: "The fact that this company has grown from the basement of a house to the largest charter brokerage in the world is a huge achievement and testament to our amazing team and corporate culture. However, we are still an ambitious organisation. Our growth to date has been entirely organic and whilst we will continue to follow those strategies that have been successful in the past, we wish to accelerate our expansion through capital investments in both technology and through acquisitions of complementary businesses."

Mark Storey, Co-founder of Alcuin Capital Partners said "Air Charter Service is a leader in its field with a strong track record for growth. Their plans going forward are exciting and we are looking forward to working with their management team as they implement them."

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Krispy Kreme UKAlcuin exits Krispy Kreme UK

4th October, 2016

Alcuin Krispy Kreme UK Ltd is pleased to announce the sale of Krispy Kreme UK (“KKUK”) to Krispy Kreme Group, its U.S.-based brand owner.

Founded in 1937 in the US, the UK operations began in 2003 when KKUK opened its first flagship store in Harrods, London before expanding to other cities across the UK including Manchester, Birmingham, Leeds and Edinburgh. The business now sells over 62 million doughnuts "made fresh daily" each year.

At the time of Alcuin’s investment in 2011, KKUK had 42 stores and 207 in-store cabinets. Under Alcuin’s ownership KKUK grew to over 70 stores and over 690 in-store cabinets, with revenue, gross margin and profitability increasing substantially.

Following the sale to the U.S.-based brand owner, KKUK will continue to operate as normal and the company will continue to pursue growth through the opening of new retail stores and self-serve cabinets across the UK and Republic of Ireland.

Mike Dowell, CEO of Krispy Kreme UK Ltd, said:
"Today’s announcement is very exciting for our business and all of our people. Krispy Kreme Group has been very supportive of our progress and growth over recent years and we look forward to working more closely with them as we continue to grow the brand in the UK and Ireland. I would like to take this opportunity to thank Alcuin Capital for their support and guidance over the last five years."

Grace Henderson-Londono, Partner at Alcuin Capital, commented:
"Since our original investment in 2011, we have very much enjoyed working with the management team to grow the business into the extremely successful operation that it is today. We wish the team all the very best for the future."

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Alcuin investment in Lorega

03rd March, 2016

Alcuin Capital Partners is delighted to announce its investment in Lorega Limited, the UK's market leader in claims assistance and loss recovery insurance. Lorega has an established reputation as a leading specialist for claims expertise and for providing a first class claims handling services for its customers. Of the claims assistance policies sold in the UK, around 95% or more are provided by Lorega.

Mark Storey, of Alcuin Capital Partners, said: "Lorega is a long established and high quality market leader, and combines a strong management team with an excellent market position and significant opportunity for growth. We look forward to working with the Lorega team as the business goes from strength to strength."

Lorega Managing Director, Neill Johnstone, said: "With the backing of Alcuin and the continuing support of an experienced team, we are set for an exciting future. We have built a strong reputation on delivering professional and expert services to meet the needs of brokers and their clients. This remains core to our business and we see significant opportunities to deliver a range of responsive products, backed by high levels of customer service, for both brokers and the affinity market."

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Alcuin exits The Travel Trust Association

18th January, 2016

Alcuin Capital Partners is pleased to announce that it has successfully exited its 2008 investment The Travel Network Group through a secondary MBO.

The Travel Network Group represents the largest independent travel network in Europe, with over 800 members, and provide a range of membership propositions, products and services that enable new or existing travel businesses to operate within the travel sector. The sale includes ownership of all membership brands underneath The Travel Network Group, specifically Travel Trust Association (TTA), Worldchoice, Independent Travel Experts, Worldchoice Ireland and TTA Trustees.

The transaction represents a successful exit for Alcuin, who first backed TTA in 2007 and subsequently made a follow-on investment in 2008 to support the acquisition of the Worldchoice consortium.

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Alcuin exits Agrivert investment

20th August, 2015

Alcuin Capital Partners is pleased to announce that it has exited its investment in Agrivert, the market leading owner-operator of three Anaerobic Digestion (AD), two in-vessel composting and three green waste composting plants in addition to providing planning, engineering and construction services.

Agrivert has completed a £96 million debt and equity financing that has allowed it retire expensive short and medium-term debt replacing it with a 17 year, fixed rate infrastructure loan note at lower cost provided by GCP Infrastructure Investments Limited, a London listed infrastructure debt fund. The debt financing was financially supported by several of Agrivert’s existing equity investors and provided a full exit for equity funds advanced by Alcuin Capital Partners as well as providing the funding to complete the construction of two new 40,000 tonne per annum, 3.0MWe AD plants, one in South Wales and the other in Hertfordshire. Agrivert began construction of both plants this summer and they will be commissioned in the second half of 2016.

The transaction represents a successful exit for Alcuin, who first backed Agrivert in 2009 and subsequently made a follow-on investment in 2012 to support the ongoing growth of the business.

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Alcuin investment in Deluxe

27th July, 2015

Alcuin Capital Partners is pleased to announce its investment in Deluxe, the high-quality catering company serving the private jet market. Deluxe was founded in 1989 as a UK pioneer of executive and private jet catering and related services and today has an international reputation for both service and quality. The business has built up a loyal customer base over more than 25 years of operation and delivers to Luton and Farnborough amongst other UK private airports.

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Final closing of the Fourth Alcuin Fund L.P.

30th June, 2015

Alcuin Capital Partners LLP has today announced the final closing of the Fourth Alcuin Fund L.P. having secured £150 million in commitments, primarily from existing institutional investors and family offices across the UK, Europe and the US, but also including a limited number of new investors.

Alcuin specialises in making £2-15 million investments in growth capital and buyout transactions in UK companies valued between £5 and £30 million across all industry sectors.

The team was founded by Mark Storey and Grace Henderson-Londoño after leaving BancBoston Capital, and were joined by Adrian Lurie in 2011.

The team at Alcuin have now made over fifty investments over a 25 year period, including successful companies such as Caffè Nero, one of the UK’s largest coffee retailers, Agrivert, a leading organic waste recycling and waste-to-energy company, and Krispy Kreme, the UK’s best known doughnut retailer.

In the last few months, Alcuin has led the buyout of AMI, a Bristol based conference and data business, and invested in the buyout of the Groucho Club, the famous Soho based members club.

The Fourth Alcuin Fund anticipates completing a number of new investments over the coming months, and has recently moved into new offices on Sloane Street, London.

For more information, please contact:
Grace Henderson-Londono at Alcuin on +44 (0) 203 178 4089

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The Groucho Club

19th June, 2015

Alcuin Capital Partners is pleased to announce its investment in The Groucho Club, the UK’s original arts private members club. The Groucho Club is renowned for its high-quality membership from areas such as film, media, the arts and politics. The transaction sees Alcuin take a significant minority stake alongside Graphite Enterprise Trust plc and Isfield Investments LLP. Founded in 1985 on Dean Street in the Soho area of London, The Groucho Club offers its loyal membership base access to world class hospitality in a relaxed environment, including three bars, two restaurants and accommodation.

Matt Hobbs, CEO of The Groucho Club, commented: "We are excited to welcome the backing of Alcuin and Isfield alongside Graphite in this new chapter for the club and its members. Each investor brings a wealth of knowledge and expertise that will help further accelerate the expansion and growth of the business. We all look forward to working together on the future of this iconic private members club."

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Alcuin investment in Applied Market Information

2nd June, 2015

Alcuin Capital Partners is delighted to announce that it has acquired a majority stake in Applied Market Information Limited, (AMI) from its original founders and shareholders. Founded in 1986, AMI has grown to become a leading provider of information services to the global plastics industry. These include conferences, market reports, consultancy projects, databases and digital magazines. It has offices in the UK and the USA.

Mark Storey, partner at Alcuin said: "We are delighted to have been introduced to AMI; this is a dynamic business that has a very strong reputation in the plastics industry for the quality of the information it provides and the events that it organises. Alcuin has always targeted ambitious, growth companies with the ability to compete on a global basis and AMI definitely fits the bill."

AMI’s Andrew Reynolds said: "We really welcome the opportunity of joining Alcuin and moving the company forward in the next stages of its development."

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Alcuin exits Osprey Publishing

22nd December, 2014

Alcuin Capital Partners is pleased to announce that it has successfully exited its 2011 investment in Osprey Publishing, the world’s leading publisher of specialist illustrated books on a wide range of military topics, in a sale to Bloomsbury Plc. Osprey will increase Bloomsbury’s presence in niche special interest markets and complements their existing natural history and military history publishing, as well as international sales.

Osprey was founded in 1968 and originally focussed on military publishing however, more recently, Osprey have expanded their offering into other niche imprints including nature, heritage and custom publishing.

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Alcuin investment in Salt Yard Group

1st July, 2014

Alcuin Capital Partners is pleased to announce its investment in the Salt Yard Group, the well-known developer and operator of modern tapas restaurants in Central London. The Group currently comprises four restaurants - Salt Yard, Dehesa, Opera Tavern and Ember Yard - and has established a strong track record in the hugely competitive restaurant market of Covent Garden, Soho and Fitzrovia.

Simon Mullins, CEO of Salt Yard, commented: "We are excited to be partnering with Alcuin. This strategic alliance adds new potency to the next growth stage of Salt Yard Group and we look forward to working together with them to expand our unique group of restaurants."

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Alcuin investment in Neville Johnson

29th May, 2014

Alcuin Capital Partners is pleased to announce its investment in Neville Johnson Group, which trades under its Neville Johnson and Tom Howley brands, a leader in the luxury market for premium furniture and fitted kitchen products. The transaction has been supported by funding from the management team and debt provided by RBS.

Nigel Pailing, CEO of Neville Johnson, commented: "We are excited for the next stage of growth with Alcuin as we roll-out our brands across the UK and look to open eight new showrooms over the next three years."

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Follow-on investment in Osprey

2nd December, 2013

Alcuin Capital Partners is pleased to announce an acquisition by Osprey Publishing Ltd, the world’s leading publisher of specialist illustrated books on a wide range of military topics. Alcuin originally invested in Osprey in 2011 to facilitate further growth both organically and through acquisition.

Osprey has acquired British Wildlife Publishing (BWP), a leading independent magazines and field guide publisher in British natural history, and this acquisition represents the second acquisition since our investment in 2011. BWP will become part of Osprey’s Heritage Division, which comprises Shire Publications and Old House Books & Maps.

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Tasker Insurance Group refinancing

29th October, 2013

Alcuin Capital Partners is pleased to announce the refinancing of Tasker Insurance Group Limited: the holding company for Tasker & Partners, a successful Lloyd’s insurance broker; Gresham Services Limited, an underwriting agency; and Maestro Insurance Services Ltd and LMI Ltd, both commercial brokers.

The refinancing which saw new committed senior term loan represents a significant milestone in the development of Tasker Insurance Group and commits additional capital to support organic growth and further acquisitions.

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Tasker Insurance Group acquires Gresham

14th May, 2013

Alcuin Capital Partners is pleased to announce a follow-on investment in Tasker Insurance Group Limited, a company formed to acquire a controlling stake in Tasker & Partners, a successful Lloyd’s insurance broker.

The new investment will be used to fund the acquisition of an underwriting agency Gresham Services Limited and its sister company, LMI Ltd, a commercial broker. Gresham, based in Dartford, Kent, was founded in 1998 by Chris and John Collier and has 1,500 SME insurance broker customers, spread across the UK. The acquisition of the Gresham group of companies, together with the simultaneous acquisition of the remaining minority stake in Tasker & Partners, represents a significant milestone in the development of Tasker Insurance Group.

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Follow-on investment in AVMI

3rd December, 2012

Alcuin Capital Partners is pleased to announce a follow-on investment in AVMI, a leading visual communications systems integrator in the UK. Alcuin originally invested in AVMI in July 2012 to facilitate further growth both organically and through acquisition.

The new investment has been used to support the acquisition of Impact Marcom, a leading audiovisual and video conferencing integrator which, together with AVMI, will create the UK’s largest dedicated provider of AV and VC solutions. The deal was further supported by additional funding from the management team and mezzanine provider Indigo Capital.

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Alcuin investment in Domus

6th November, 2012

Alcuin Capital Partners is pleased to announce its investment in Domus, the UK’s leading supplier of tile, mosaic and stone products to the residential developer and architectural specification markets. The transaction has been supported by funding from the management team and debt provided by Centric Corporate Finance.

Domus trades under two widely recognised and complementary brands, Domus and Surface. The Group is actively involved in a wide variety of premium construction projects within the UK and internationally, including commercial, office, infrastructure and high-end private residential applications.

Jon Newey, CEO of Domus, commented: “This deal represents an outstanding opportunity for our business; we are currently enjoying strong trading across the Group and are confident about the future prospects for the business. Alcuin has already demonstrated an enthusiastic and supportive approach and therefore is an ideal partner for our team to deliver our plan".

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Follow-on investment in Osprey

17th July, 2012

Alcuin Capital Partners is pleased to announce a follow-on investment in Osprey Publishing Ltd, the world’s leading publisher of specialist illustrated books on a wide range of military topics. Alcuin originally invested in Osprey in 2011 to facilitate further growth both organically and through acquisition.

The new investment will be used to fund the acquisition of the assets and publishing business of Duncan Baird Publishers incorporating Watkins Publishing. Duncan Baird Publishers is a leading independent publisher of illustrated books in the fields of mind, body and spirit, health and well-being, culture and civilizations, and religion and faith.

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Alcuin investment in AVM

4th July, 2012

Alcuin Capital Partners is pleased to announce its majority investment in AVM Limited, a leading visual communications systems integrator in the UK, in a management buyout that will support the business’ continuing growth. The deal was supported by funding from the management team and mezzanine providers Indigo Capital.

Established in 1990, AVM is a leading visual communications systems integrator providing a complete range of video conferencing and audio visual services to the private and public sectors and includes many household names as clients. Its services include supporting complex IP-based video networks, managing and maintaining telepresence suites, providing audio-conferencing, digital signage and equipping training rooms and presentation areas with state-of-the art technology.

Edward Cook, CEO of AVM, said: "Alcuin’s investment provides the business with a solid platform and further funding capacity to support AVM in its next stage of growth. We look forward to working with Alcuin as we enter this exciting phase in our development".

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Follow-on investment in Agrivert

29th March, 2012

Alcuin is pleased to announce a follow-on investment in Agrivert, a market leading organic waste management company operating across the UK. Agrivert is a specialist in anaerobic digestion ("AD"), in-vessel composting ("IVC"), green waste composting and the treatment and recycling of biosolids for the water sector.

The new investment will be used to fund the construction of the company’s second AD plant, following the successful construction in 2010 of Agrivert’s first 2.1MW AD plant in Cassington, Oxfordshire. Alcuin originally invested in Agrivert in 2009 to fund the construction of new AD and IVC plants to recycle food and green waste produced by Local Authority and commercial customers.

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Follow-on investment in TVL

2nd February, 2012

Alcuin Capital Partners is pleased to announce a follow-on investment in Tasker Insurance Group Limited, a company formed to acquire a controlling stake in Tasker & Partners, a successful Lloyd’s insurance broker.

The new investment will be used to fund the acquisition of Maestro Insurance Services Limited. Maestro is an independent retail broker providing commercial and motor solutions to businesses and individuals in the North West.

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Final closing of the Third Alcuin Fund L.P.

07th November, 2011

Alcuin Capital Partners LLP has today announced the final closing of the Third Alcuin Fund L.P. which closed on target with £100 million in commitments.

Alcuin specialises in making £2-10 million investments in growth capital and buyout transactions in UK companies valued between £5 and £30 million across all sectors.

The team was founded by Mark Storey and Grace Henderson-Londoño after leaving BancBoston Capital and was recently joined by Adrian Lurie, with whom the founders have a long standing and successful working relationship. From its earlier funds, Alcuin made investments in successful companies such as Caffè Nero, one of the UK’s largest coffee retailers, Glide Technologies, a PR software business and Adapt, one of the UK’s fastest growing hosting and managed services companies.

The Third Alcuin Fund has already made five investments: Agrivert, a leading organic waste recycling and waste-to-energy company; AudioGo, the UK’s leading audiobook publisher; Tasker & Partners, a Lloyd’s insurance broker; Osprey, a niche publishing house; and Krispy Kreme, the UK’s leading high end doughnut retailer.

Commitments were made by a number of existing and new institutional investors and family offices across the UK, Europe and the US.

Elm Capital Associates Ltd acted as exclusive placement agent.

For more information, please contact:
Grace Henderson-Londono at Alcuin on +44 (0) 203 178 4089
Etienne Deshormes at Elm Capital +44 (0) 207 901 8941

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Alcuin exits Glide Technologies

21st October, 2011

Alcuin Capital Partners is pleased to announce that it has exited its investment in Glide Technologies, a leading London-based software-as-a-service (SaaS) provider specialising in corporate communications and reputation management, in a sale to NASDAQ OMX. Glide Technologies will be integrated into NASDAQ OMX's Corporate Solutions to create the first and only fully-integrated workflow solution for investor relations and public relations professionals. Alcuin first backed Glide Technologies and its CEO, Sam Phillips, in 2008.

Glide Technologies was founded in 2003 to provide online newsrooms to large corporate customers such as Sony, Honda, NBC Universal and PwC. From there, the business expanded its offering to include journalist relationship management, content management, contact databases, distribution and coverage-tracking.

As the Internet continued to influence the media and communications landscape, Glide Technologies developed tools to manage social media and blogger relations. The company has recently developed its latest product, GlideIntelligence, as a real-time high-volume sentiment analysis measurement platform that encompasses both traditional and social media.

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Alcuin investment in Krispy Kreme UK

14th October, 2011

Alcuin is pleased to announce its investment in Krispy Kreme UK the leading retailer of premium quality doughnuts, in a management buyout that will support its ambitious growth plans.

Krispy Kreme opened its first UK store in London in October 2003 and has since opened 45 stores across the UK, in key cities such as Manchester, Leeds, Birmingham and Bristol. The company also operates more than 350 in-store cabinets with retail partners including Tesco. Over the next four years, the company will focus on growing its core business, which will take its total number of UK sites to 80 by 2015.

Richard Cheshire, joint managing director of Krispy Kreme UK, said: "We are delighted to bring Alcuin into the Krispy Kreme family in the UK, and look forward to working with Mark Storey and the team going forward."

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Alcuin exits Adapt

28th September, 2011

Alcuin Capital Partners has exited its investment in Adapt, a leading UK managed IT services provider, through an acquisition by Lyceum Capital. The transaction represents a successful exit for Alcuin, who first backed Adapt in an MBO led by Peter Knight in 2006.

Peter Knight founded the company in 2001, as the network services division of a family-owned office products business. Originally branded Mnet, the company developed a very successful hosting and co-location business with revenues of £7 million by 2006.

Rebranded Adapt in 2007, growth continued to be very strong and the product set was expanded to include managed services. The £6 million acquisition of Centric Telecom also increased revenues significantly.

Adapt continued to grow to revenues in excess of £30 million, and this was recognised by its inclusion for four years running in the Sunday Times Tech Track 100 league table which lists the fastest-growing privately owned TMT businesses in the UK.

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Alcuin hires new partner

5th July, 2011

Alcuin is pleased to announce that Adrian Lurie has joined as a Partner. Adrian, a former Partner of Indigo Capital LLP who focused on UK transactions, has previously worked with the Partners at Alcuin on a number of highly successful deals including Menzies Hotels and Sorex Holdings.

"We are delighted that Adrian is joining us in the next phase of development at Alcuin", commented Grace Henderson-Londoño. "Both Mark Storey and I have known Adrian for over ten years, and have enjoyed a very successful working relationship together. As we begin to invest the Third Alcuin Fund which held a first closing in January 2011, we are very pleased that he has decided to join us at Alcuin."

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Investment in Osprey Publishing

17th June, 2011

Alcuin Capital Partners today announced its development capital investment, alongside existing private equity investors Botts Capital, in Osprey Publishing Ltd the world’s leading publisher of specialist illustrated books on a wide range of military topics. Based in Oxford, Osprey was founded in 1968 and is led by Managing Director Rebecca Smart.

Originally the business focussed on military publishing however, more recently, Osprey have expanded their offering into other niche imprints including heritage and fantasy. Our investment will facilitate further growth both organically and through acquisition.

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Investment in Tasker Insurance Group

4th May, 2011

Alcuin is pleased to announce its investment in Tasker Insurance Group Limited, a company formed to acquire a controlling stake in Tasker & Partners, a successful Lloyd’s insurance broker.

The business plan for Tasker is to continue the successful organic growth strategy as well as acquiring other speciality insurance brokers in the UK.

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Alcuin holds closing on new fund

19th January, 2011

Alcuin Capital Partners LLP has reached a closing with £81 million of commitments on its third private equity fund, The Third Alcuin Fund LP. Alcuin makes £2-10 million growth capital and buyout investments in UK companies valued between £5 and £30 million across all sectors.

The team, led by Mark Storey and Grace Henderson-Londoño, who together founded Alcuin in 2002 after leaving BancBoston Capital, have made investments in successful companies such as Caffè Nero, one of the UK’s fastest growing retail food and beverage franchises, and Adapt, one of the UK’s fastest growing hosting and managed services companies.

The Third Alcuin Fund has already made two investments: the first in Agrivert, a leading organic waste recycling and waste-to-energy company, and the second in AudioGo, the UK’s leading audiobook publisher which was recently acquired from BBC Worldwide.

The fund is backed by a diverse group of institutional investors and family offices, including Alliance Trust Equity Partners, the European Investment Fund, Parish Capital Advisors, RenditeWertBeteiligungen (RWB) and a leading UK insurance company. Alcuin expects to hold a final closing on the fund, which has a target of £100 million by the end of 2011. Elm Capital Associates Ltd is acting as exclusive placement agent.