TIDMCHRY
RNS Number : 0986J
Chrysalis Investments Limited
19 August 2021
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, any member state of the European Economic Area,
Canada, Australia, Japan or the Republic of South Africa.
19 August 2021
Chrysalis Investments Limited
("Chrysalis" or the "Company")
Portfolio Update
The Company is pleased to announce an investment of GBP40
million in Tactus Holdings Limited ("Tactus" trading as "Tactus
Group"), which will enable Tactus to accelerate its international
buy-and build-strategy, with several global acquisitions and
partnerships already identified.
Tactus is a consumer technology expert, supplying a range of own
and third-party branded IT hardware, including entry level laptops,
high end gaming PCs, and a range of components and accessories.
The market that Tactus operates in is hugely fragmented, and the
company is looking to complement its proven ability in brand
creation and development with the acquisition of recognised,
well-respected brands to build a market leading position across
three key verticals globally: entry level computing, gaming and
education. Following the recent acquisition of CCL Computers,
Tactus has already built a market leading position in the rapidly
growing gaming sector.
Tactus has established a number of successful own-brands and
this is reflected by the fact it is accredited with Microsoft Gold
Partner status and was recently named Microsoft's 2021 Global
Device Partner of the Year.
Richard Watts and Nick Williamson (co-portfolio managers)
comment:
"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."
Scott Brenchley (CEO of Tactus Group) comments:
"Our aim is to become the go-to e-commerce group for gaming and
computing globally and this strategic backing from Chrysalis will
be crucial in accelerating that plan.
We have an exciting M&A pipeline ahead of us and look
forward to working with the Chrysalis team as we continue on our
international growth journey."
About Tactus Holdings Limited
Tactus 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.
-ENDS-
For further information, please
contact:
Media: +44 (0) 20 3770 7920
Montfort Communications chrysalis@montfort.london
Charlotte McMullen/ Toto Reissland-
Burghart/ Miles McKechnie
Jupiter Asset Management:
Magnus Spence +44 (0) 20 3817 1325
Liberum:
Chris Clarke / Darren Vickers
/ Owen Matthews +44 (0) 20 3100 2000
Numis:
Nathan Brown/ Matt Goss +44 (0) 20 7260 1000
Maitland Administration (Guernsey)
Limited:
Elaine Smeja / Aimee Gontier +44 (0) 1481 749364
LEI: 213800F9SQ753JQHSW24
A copy of this announcement will be available on the Company's
website at
https://www.chrysalisinvestments.co.uk/
The information contained in this announcement regarding the
Company's investments has been provided by the relevant underlying
portfolio company and has not been independently verified by the
Company. The information contained herein is unaudited.
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