LMS Capital

LMS Capital is a UK-based private investment firm specializing in private equity and venture capital investments. The firm focuses on small to medium-sized companies, primarily in the United Kingdom, Israel, Europe, and North America. It invests in a diverse range of sectors, including technology, healthcare, consumer goods, financial services, media, education, leisure, energy, real estate, telecommunications, transportation, utilities, retail, manufacturing, and hospitality. The firm typically invests between £5.68 million and £34.07 million in companies with minimum sales of £5.68 million, minimum EBITDA of £1.14 million, and enterprise value between £11.36 million and £113.57 million.

In May 2025, shareholders voted in favor of the Board's recommendation to pursue a managed realization of the company's assets and return of capital to shareholders. This decision followed a strategic review and consultations with investors, considering factors such as the company's small size as a listed business, limited market liquidity, and the discount to NAV at which the shares were trading. The managed realization process is expected to take around two years, with the possibility of extension if needed.

The firm's investment strategy involves direct private equity investments, public equities, and alternative specialist asset classes. It aims to achieve absolute total returns over the medium to long term, principally through capital gains and supplemented with the generation of a longer-term income yield. The fund targets a return on equity, after running costs, of between 12% and 15% per annum over the long term. The firm prefers to have majority and minority stakes in companies between 20% to 50%.