Home Business News Allied Irish Bank provides seven figure package for RJ Capital Partners

Allied Irish Bank provides seven figure package for RJ Capital Partners

by LLB Reporter
7th Oct 19 12:00 pm

Allied Irish Bank (GB) has provided a seven figure funding package to support RJ Capital Partners with the acquisition of Infonetica Ltd, a leading global provider of innovative software solutions.

Surrey-based Infonetica is a global provider of intuitive software solutions, serving national health trusts, internationally renowned universities and governments. It was established in 2002 and employs 22 people.

The deal is the first investment from Woking-based RJ Capital Partners which was established by Managing Director Raja Prasanna, a highly experienced entrepreneur who has founded and operated start-up companies and managed large business divisions in multinational corporate set-ups. Raja Prasanna is a Search Fund entrepreneur, backed by investors to acquire a private owner managed company like Infonetica and in which he would take an active, day-to-day leadership role.

Raja Prasanna, Managing Director at RJ Capital Partners said, “I am delighted to complete our acquisition. Working alongside our investors, we set out to acquire and run a high quality UK-based privately operated SME with a great growth potential. 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, “I am delighted to invest in a young, enthusiastic entrepreneur. 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.”

Funding to support the deal has been structured by Tom Jessop and Mike Dinnell from Allied Irish Bank (GB)’s Manchester based team.

Prasanna added, “The support provided by Allied Irish Bank (GB) has been outstanding. Search Fund is a relatively new concept in the UK and Tom and Mike worked meticulously with us to fully understand our requirements. They are extremely responsive and helped to co-ordinate and support the whole funding process.”

Tom Jessop, Relationship Manager at Allied Irish Bank (GB) said, “I have been very impressed with Raja and the team at RJ Capital Partners and am delighted to assist them with their first investment. Using his entrepreneurial approach and business acumen, Raja will bring great benefits to Infonetica and has ambitious plans to drive forward and grow the business.”

Legal support for the transaction was provided by Matthew Dootson of Clarke Willmott LLP Ongoing banking facilities were provided by Tom Jessop from Allied Irish Bank (GB).

*The AIB logo, Allied Irish Bank (GB) and Allied Irish Bank (GB) Savings Direct are trademarks used under licence by AIB Group (UK) p.l.c. incorporated in Northern Ireland.  Registered Office: 92 Ann Street, Belfast BT1 3HH.  Registered Number NI018800.  Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

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