Alantra advised Lyceum Capital (now known as Horizon) on its investment in Coryton Advanced Fuels

Aug 2015

Buy-side advisory

Alantra has advised Lyceum Capital (now known as Horizon) on its investment in Coryton Advanced Fuels.

Coryton is a market-leading fuel blending and consultancy services business. Based on the Thames estuary in Essex, Coryton develops high performance fuels for the aviation and motorsport industries, as well as bespoke and standardised fuels for the automotive sector, where its products are used to support research and development activities and the testing and certification of engines, lubricants and fuel additives. The facility is one of the most advanced of its kind globally.

The business was founded five years ago following the acquisition of the Coryton specialist fuels blending facility from BP plc by co-founders Craig Goodfellow and Diane Lance with support and financial backing from Oakfield. Since then, it has expanded its products and consultancy services, and built a portfolio of global customers including Ford, Airbus, Bentley and Jaguar Land Rover, reaching sales of £12 million in its last financial year.

Coryton will be led by incoming managing director Nick Pye, alongside its co-founders Craig Goodfellow – operations and technical director – and Diane Lance – commercial and logistics director. Craig and Diane will remain with the business following the investment. Bill Wilson, with extensive international and automotive experience, will join the business as non-executive Chairman.