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  • £40m funding round led by Chrysalis Investments

  • Investment will support a strong pipeline of M&A opportunities

  • North West firm positioned to become leading global computing group

  • Chrysalis Investments is one of the UK’s most active crossover investors and has backed a number European assets, including: THG, Wise, Klarna, Graphcore, wefox and Starling Bank

Consumer technology business Tactus Holdings Limited (trading as Tactus Group) has secured a £40 million investment from Chrysalis Investments to support the company’s ambitious plans to become a globally recognised gaming and consumer computing group.

The investment marks the company’s largest funding round to date and follows a £12.5 million funding round led by Liverpool-based multi-family investment office Arete Capital Partners in April 2021. This enabled the firm to acquire Bradford-based e-commerce PC gaming specialist CCL Computers.

Tactus will now accelerate its international buy-and-build strategy, with several global acquisitions and partnerships already in the pipeline.

The £1.5 billion FTSE 250 listed investment company Chrysalis Investments was launched to capitalise on the trend of companies staying private for longer. Chrysalis Investments has established itself as one of Europe’s leading growth investors and its portfolio boasts an impressive list of global technology giants, such as THG, Wise, Klarna, Graphcore, wefox and Starling Bank.

Tactus is a consumer technology expert, specialising in the high growth gaming, education and entry level computing sectors. The group holds strong 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. 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.

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.

“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.”

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. 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.”
Press contact:
Amy Cantrill, MC2
[email protected]
07581257839

About Tactus Group

Tactus Group is a consumer technology business specialising in gaming, education and entry level computing. It is committed to making technology more accessible to consumers all over the world.

Headquartered in Warrington with a footprint across Europe, North America and Asia, the Group employs over 200 experts that produce and source innovative technology. It reaches consumers through established retailers, the IT channel and its own e-commerce platforms.

Tactus Group is a Microsoft OEM and Gold Partner, and has long-standing partnerships with a number of blue-chip companies including Amazon, eBay and Best Buy.

About Arete

Arete is a multi-family office headquartered in Liverpool with a presence in Manchester that invests transformational private capital into entrepreneurial companies in a variety of sectors.

The Arete team consists of experienced investors, entrepreneurs and advisors who bring a relationship-based approach to equity investment.

Their focus is to go beyond capital, working side-by-side with management teams, investors and a wider network of entrepreneurs to help companies accelerate their growth and fulfil their potential.

© 2017 Tactus Group.