A Cheshire-based consumer technology business has secured a £40m investment to boost its plans to become a globally recognised gaming and computing group.
Warrington firm Tactus Holdings Ltd has received the funding from Chrysalis Investments which will mean accelerating its international buy-and-build strategy - with several global acquisitions already in the pipeline.
The investment marks the company’s largest funding round to date and follows a £12.5m funding round led by Liverpool-based multi-family investment office Arete Capital Partners in April 2021. That enabled the firm to acquire Bradford-based e-commerce PC gaming specialist CCL Computers.
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The £1.5bn FTSE 250 listed investment company Chrysalis Investments was launched to capitalise on the trend of companies staying private for longer.
Scott Brenchley, CEO of Tactus Group, said: “Our aim is to become the go-to e-commerce group for gaming and computing globally and this strategic backing from Chrysalis, coupled with our existing relationship with Arete, will be crucial in accelerating that plan.
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“We have an exciting M&A journey ahead of us, so we look forward to working with the Chrysalis team as we continue on our international growth journey.”
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London-based Chrysalis Investments has established itself as one of Europe’s leading growth investors and its portfolio includes a list of global technology giants, such as THG, Wise and Klarna.
Tactus specialises in the high growth gaming, education and entry level computing sectors. It holds relationships with leading global corporate technology businesses such as Microsoft, Amazon, Intel and Best Buy.
Following a period of significant organic and acquisitive growth, including the acquisitions of CCL and investment in US-based coding and robotics specialist pi-top, Tactus is on track to deliver "strong growth" this year.
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The firm has increased headcount "significantly" in the last 12 months - and plans to continue expanding its team at all levels in the coming months.
Richard Watts and Nick Williamson, co-portfolio managers at Chrysalis Investments, added: “Our investment in Tactus builds on our portfolio of rapidly growing companies that are benefitting from structural tailwinds and establishing clear market leadership.
"Tactus operates in a hugely fragmented market that is ripe for consolidation and we look forward to supporting Scott and the team as they execute their ambitious growth strategy and build a market leading position across key verticals globally.”
Mike Fletcher, joint managing partner at Arete, said: “We are absolutely delighted for Scott and the whole team at Tactus.
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"Management has shown tremendous determination to emerge as a global leader in the computing and gaming category and the support of such a high-quality co-investor as Chrysalis is testament to the talent, ambition, and drive of the team.
"We look forward to working together to deliver the next exciting phase of growth.”