Duke Royalty has announced a follow-on investment of £2.8m into its existing royalty partner to fund its latest acquisition of a managed IT services firm.
Duke Royalty Ltd – Europe and North America-focused alternative capital solutions provider – Announces the successful exit of its investment in royalty partner Instor Solutions Inc, a California-based product reseller and service provider for work related to the build-out and migration of data centres.
Specialist domiciliary care company Tristone Healthcare has expanded with the acquisition of a South West care home operator after securing a £2.3m follow-on investment from Duke Royalty.
A Manchester IT firm has expanded its reach into the North East with its latest acquisition.
InTec has secured £1.65m follow on investment from Duke Royalty, the Aim-listed provider of royalty finance, to fund its acquisition of Opal IT, an IT managed services business headquartered in Newcastle.
InTec Business Solutions has acquired companies based in Ireland and Scotland, supported by a follow-on investment of £2.45m from Duke Royalty.
Based in Manchester, InTec is an investment holding company created to execute a buy and build strategy of synergistic companies within the IT managed services sector. Last year the busness entered into a £7.7m royalty financing agreement with Duke Royalty.