Duke Capital makes £1.9m follow-on investment in BPVA Ireland

(Sharecast News) - Duke Capital announced a follow-on investment of £1.9m into BPVA Ireland on Wednesday, bringing its total investment in the company to £20.4m.

The AIM-traded firm said the funding would support BPVA's acquisition of Pinta Crew, an Irish consultancy business focussed on optimising workforce, processes, and resources for domestic and international organisations.

It said BPVA, established in 2018, had pursued a buy-and-build strategy within the Irish and UK resourcing and talent sector.

Since Duke's initial investment, the group had completed five major acquisitions - PE Global, Vantage, Brightwater, Sabeo, and Pinta Crew - along with five smaller bolt-on deals.

Duke said it had supported BPVA's expansion through to the group now comprising 10 businesses.

The latest financing followed Duke's standard investment terms, including its annual revenue adjustment factor of plus or minus 6% in respect of payments due.

"We are excited to support BPVA's latest acquisition, which expands its offering into the consultancy market," said chief executive officer Neil Johnson.

"Pinta Crew's impressive portfolio of multinational clients aligns perfectly with BPVA's growth strategy, and this acquisition further strengthens BPVA's position as a trusted partner to businesses seeking high-quality consultancy and recruitment services across Europe."

At 1406 GMT, shares in Duke Capital were up 0.99% at 30.55p.

Reporting by Josh White for Sharecast.com.