REG - Duke Capital - Follow-On Investment into BPVA (Ireland) Limited

Duke CapitalAnnouncement

19/02/2025 07:00

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RNS Number : 5598X  Duke Capital Limited  19 February 2025

19 February 2025

 

Duke Capital Limited

 

("Duke Capital", "Duke" or the "Company")

 

Follow-On Investment into BPVA (Ireland) Limited

Duke Capital Limited (AIM: DUKE), a leading provider of hybrid capital
solutions for SME business owners in Europe and North America, is pleased to
announce a follow-on investment of £1.9 million into its existing capital
partner, BPVA (Ireland) Limited ("the BPVA Group", "BPVA"). This investment
will enable BPVA to complete a further acquisition, in line with its
acquisition growth strategy.

The BPVA Group is an investment holding company established in 2018 to execute
a buy and build strategy of synergistic companies within the Irish/UK
Resourcing and Talent sector. Since Duke's initial investment, BPVA has made
five major acquisitions: PE Global, Vantage, Brightwater, Sabeo, and Pinta
Crew, along with five smaller bolt-on deals

 

Highlights:

 

·       Duke's funds will be used to facilitate BPVA's acquisition of
Pinta Crew Limited ("Pinta Crew"), an Irish consultancy business specialising
in helping Irish and international organisations optimise their people,
processes and resources.

·       The financing increases Duke's total investment in BPVA to
£20.4 million. The investment terms are in line with Duke's typical cost of
capital, including the +/- 6% annual revenue adjustment factor in respect of
payments due.

·       Duke has supported five BPVA acquisitions, with the group now
encompassing 10 businesses.

 

Neil Johnson, CEO of Duke Capital, said:

 

"We are excited to support BPVA's latest acquisition, which expands its
offering into the consultancy market. 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."

 

John Hannon & John Lacy, Directors of BPVA said:

 

"Pinta Crew is a high-quality Irish-based consulting partner to a range of
leading Irish and global businesses. The BPVA Group will now work to bring
Pinta Crew's expertise to our wider client base. We expect that this tenth
acquisition will help to continue to drive the value proposition offered by
the BPVA Group. BPVA had a very successful 2024 and achieved good growth
objectives in a range of areas for our clients. A range of organic growth
initiatives are planned for 2025 to expand the BPVA Group footprint and we
will continue to seek out accretive acquisitions.  We look forward to the
future with enthusiasm for all of our fantastic team members and all of our
valued clients."

 

Further information regarding Pinta Crew

 

Pinta Crew, founded in 2008 by John Corcoran and Peter Hanan, is a successful
Irish-based business consultancy firm specialising in supporting organisations
to optimise the impact of their people, processes and resources. Pinta Crew
works with a range of both Irish and international high quality clients.

Duke Capital Portfolio

A full list of Duke's current partners is included for reference on the
Partners page of the Company's website: www.dukecapital.com/partners
(http://www.dukecapital.com/partners) .

 

 

***ENDS***

 

For further information, please visit www.dukecapital.com
(http://www.dukecapital.com) or contact:

 

 Duke Capital Limited                                                    Neil Johnson / Charles Cannon Brookes / Hugo Evans  +44 (0) 1481 231 816

 Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)  Stephen Keys / Callum Davidson / Michael Johnson    +44 (0) 207 220 0500

 Canaccord Genuity Limited                                               Adam James / Harry Rees                             +44 (0) 207 523 8000

 (Joint Broker)

 SEC Newgate (Financial Communications)                                  Robin Tozer / Alice Cho / Olivia Hart               + +44 (0) 20 3757 6882 dukecapital@secnewgate.co.uk

 

 

About Duke Capital

 

Duke is a leading provider of hybrid capital solutions for SME business owners
in Europe and North America, combining the best features of both equity and
debt.

 

Since 2017, Duke has provided unique long-term financing which eliminates
re-financing risk and 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.

 

Duke is focused on generating attractive risk-adjusted returns for
shareholders and has a track record of achieving this across market cycles.
Its three investment pillars are capital preservation, attractive dividend
yield, and to provide upside upon exits. Duke is listed on the AIM market
under the ticker DUKE and is headquartered in Guernsey.

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