Lyons sinks claws into new finance house role
Former Accumuli CEO joins merchant bank MXC Capital this week as a partner
Accumuli’s former chief executive Gavin Lyons has moved onto pastures new after overseeing the integration of his firm into NCC Group when it was acquired earlier this year.
Lyons, who left Accumuli on Friday, is today joining MXC capital, the investment house set up by channel veterans Ian Smith and Tony Weaver, as a partner.
“I am very excited about getting this role," he told CRN. "I have worked with them [Weaver and Smith] in a different guise when they were a strategic partner to our business [Accumuli].
My new role is to find opportunities for MXC to invest capital in. They do a remarkable job here and if you look at them today, their role is as a merchant bank focusing on the TMT [technology, media & telecoms] sector.
“Not only do they find investment opportunities for people looking for capital investment, but also for people that can become strategic partners to help create value for their business. We want to help companies build value.”
Speaking of his former role, Lyons said he was ‘full of praise’ for NCC.
“My job was to make sure the business was integrated and help with that process. It has been a pleasure to work with them and they have done the right thing for [Accumuli] employees and customers. My role there came to a natural conclusion and I have nothing but praise for NCC and thanks to Rob Cotton for his support.
“All the management team at Accumuli have gone on to senior roles in the business and I think it is going to be a powerhouse in the future. It is in very good hands. I am now looking forward to doing new things and hopefully emulate that success at MXC.”
In a statement, Peter Rigg, chairman of MXC, said: “We know Gavin well having supported him during the build of Accumuli - he has proven management track record. Gavin’s a great addition as we continue to build out our team to support our growing deal flow.”