IW Capital has announced senior loan funding of £1.1 million to assist in the acquisition of Troika Systems Ltd, a global leader and specialist supplier to the printing and packaging industry.
Troika Systems Ltd is a long-established and award-winning UK manufacturer and distributor of 2D and 3D microscope scanning and management systems. Fresh Equity Limited, the Midlands-based SME investor, will be working with the management team to further grow the sector profile of Wiltshire-based Troika and its presence in the global marketplace.
The acquisition marks the first transaction that IW Capital has completed with Fresh Equity Ltd. Both parties hope that it is the first of many as they look to expand their cooperation together in the future. This loan is one of a series of new transactions that is being funded via IW Capital’s new senior debt fund (IW Capital Secured Debt Co. No 1. LP).
Luke Davis, CEO and Founder of IW Capital, has commented on the announcement: “The funding provides a major boost to a well-established, UK company to help expand its global presence. We are pleased to have worked alongside Fresh Equity in the acquisition of Troika Systems and, with our new Secured Debt Fund, we are well positioned to support other businesses and their growth plans ”
Simon Hughes, the new Chairman of Troika commented: “Troika is an exciting business and investment opportunity. The business will maintain its core aims and values and additional commercial resources will support the existing staff while helping to push its growth further.”