# MXC Capital Limited First Investment into Joint Venture with Liberty Global

- Link: https://www.directorstalkinterviews.com/mxc-capital-limited-first-investment-joint-venture-liberty-global/412749784
- Published: 2018-04-23T07:22:43+01:00
- Author: Giles Arbor

**MXC Capital Limited** (LON:MXCP), the technology focused adviser and investor,
has today announced that it has made its first investment into MXLG Acquisitions
Limited (“MXLG”), its joint venture with Liberty Global Europe 2 Limited (“LGE2”)(
a wholly owned subsidiary of Liberty Global plc (“Liberty Global”)).

This investment has enabled MXLG to complete its first acquisition, SICL Limited(“
SICL”), a Leeds based, award winning IT infrastructure and network specialist providing
a range of on-premises, cloud and hybrid technological solutions and services to
its customer base (the “Acquisition”).

MXC, together with a co-investor, have each made an equity investment of £2.35 million
into MXC JV Limited (“MXCJV”) to part fund the Acquisition (the “Investment”).

Following the Investment, MXC holds 100% of the voting rights of MXCJV and owns 
50% of its issued share capital. MXCJV holds 50% of the issued share capital of 
MXLG with LGE2 owning the remaining 50%.

> **Ian Smith, CEO of MXC Capital Limited, commented:** “I am pleased to be able
> to announce the first acquisition by our joint venture with Liberty Global. SICL
> represents the first step in MXLG’s strategy of building an IT services provider
> focused on small and medium sized business customers within the UK. We are excited
> to have commenced this journey.”

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