Healthcare provider Tristone has secured a £10.5m investment from Duke Royalty in a partnership that aims to grow the business quickly through acquisitions.
Shares in alternative capital provider Duke Royalty (DUKE:AIM) gained 4.5% to 46p after the company reported strong first half growth in revenues and profit and said it was confident of exceeding market expectations for the full year to 31 March 2022.
Royalty capital provider Duke Royalty announced on Thursday that it has completed the follow-on investment of £4.2m into its existing royalty partner Bakhchysarai Ireland (BIL).
A Dublin-based IT contracting and talent acquisition business has been acquired by a group executing a buy and build strategy of companies within the Irish/UK recruitment sector.
Vantage Resources sources specialist IT professionals on medium to long term contracts to a range of major Irish organisations.
The business has been snapped up in the latest acquisition by Bakhchysarai (Ireland) Ltd (BIL), whose capital partners are Duke Royalty and Bank of Ireland.
A fund manager that holds a concentrated portfolio of 13 small and micro-cap value investee companies is delivering eye-catching returns this year and looks well set to continue doing so.