North West based multi-family investment office, Arete, has announced that it has led an GBP11.25 million private equity investment round into consumer technology product development specialists Tactus Group, with a GBP10 million (USD13.75 million) investment.
Warrington-based Tactus is a technology expert providing multi-branded IT hardware to global retailers and the public sector. The investment from Arete enabled Tactus to complete a recent landmark acquisition of PC gaming specialist, CCL computers, which sees the group become a GBP125 million turnover business.
This latest deal will see Liverpool headquartered Arete further accelerate its growth ambitions, in a year that has already seen the firm make a number of senior hires, as well as investments across the North West, including its recent investment in Manchester-based tech pioneer, Peak AI.
Mike Fletcher, joint managing partner at Arete Capital Partners, says: “This is a fantastic strategic acquisition for Tactus Group and further strengthens its position as a disruptive consumer tech expert. CCL is ideally placed to bolster Tactus’ credentials in the gaming space, which has emerged as one of the world’s fastest growing sectors in recent months.
Read more/Source: Private Equity Wire
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