Duke Royalty Limited, a leading provider of hybrid capital solutions for SME business owners in Europe and North America, has announced a follow-on investment of £4.0 million into its existing capital partner, BPVA (Ireland) Limited. This investment will enable BPVA to complete its latest acquisition as well as reorganize the shareholder base through the buyout of certain minority investors.
BPVA, an investment holding company established in 2018, is executing a buy and build strategy of synergistic companies within the Irish/UK staffing and resourcing sector. Duke's funds will be used to facilitate BPVA's acquisition of Sabeo Holdings Ltd, an IT contracting and talent acquisition business, as well as to complete a reconfiguration of the shareholding structure of the BPVA entity. This investment increases Duke's total investment in BPVA to £17.7 million, and Duke will retain its 30% equity stake.
Neil Johnson, CEO of Duke Capital, expressed confidence in BPVA's ability to succeed, stating, "We are delighted to continue our partnership with BPVA as we support their latest acquisition and minority shareholder buyout." John Hannon & John Lacy, BPVA Group Directors, also expressed their excitement about the acquisition of Sabeo and the reconfigured shareholder register, stating, "This strategic move reflects our unwavering confidence in BPVA's growth trajectory and our commitment to driving long-term success."
Sabeo, founded in 2006, is a leading supplier of IT contract and permanent resourcing solutions to clients in Ireland and the UK. The completion of the acquisition of Sabeo by BPVA follows the recent approval from The Competition and Consumer Protection Commission.
Duke Royalty Limited's portfolio includes a full list of current partners on the Partners page of the Company's website. For further information, visit www.dukecapital.com or contact the provided numbers for more details.
Duke Royalty Limited provides unique long-term financing, eliminating re-financing risk and the necessity for a short-term exit by providing a unique 'corporate mortgage' while also aligning its returns to grow with the success of the business.