Latest Infonetica News
Oct 10, 2019
8 Oct 2019 Mike Dinnell, Raja Prasanna and Tom Jessop RJ Capital Partners has acquired Infonetica, a Surrey-based software provider which works with national health trusts, universities and governments. The deal is the first investment from Woking-based RJ Capital Partners, which was established by managing director Raja Prasanna. Allied Irish Bank (GB) provided a seven-figure funding package to support the takeover, structured by Tom Jessop and Mike Dinnell. "Working alongside our investors, we set out to acquire and run a high quality UK-based privately operated SME with a great growth potential," said Prasanna. "We are excited about the acquisition of Infonetica and I am looking forward to getting actively involved with running the business and nurturing its future growth. I see a bright future for Infonetica and am committed to building on its existing success and working with the company’s new and existing customers." Simon Webster, investor and board member at RJ Capital Partners, added: "It is great to enable a company to move through a succession phase and to help provide the structure for continued further growth. It's good for the company which means the employees face a future with greater security." Legal support for the transaction was provided by Matthew Dootson of Clarke Willmott LLP. Ongoing banking facilities were also provided by Jessop.