Arkphire Secures New Investment
IT solutions and networking company, Arkphire, has announced that Bregal Milestone, a private capital firm, has completed an investment into the business. The investment by Bregal Milestone comes from their new €400 million pan-European fund dedicated to investing in high-growth European companies. Typical commitments from Bregal Milestone range from €20 million to €60 million.
Arkphire provides a full range of technology solutions from the desktop to the data centre. The company integrates leading technologies from global IT companies to solve clients’ business challenges. Bregal Milestone will partner with Arkphire’s co-founder and CEO, Paschal Naylor and his management team to further expand on its leading market position in client services, network services, IT procurement, data centre and managed services. With additional growth capital and strategic assistance, Bregal Milestone will continue to broaden Arkphire’s capabilities and support the company through the next stage of their growth journey.
In recent years Arkphire has expanded significantly as companies see the value in outsourcing a range of IT services from IT procurement through to managed services, networking and the data centre. Over the past four years, Arkphire has grown turnover from €20 million to over €90 million.
Headquartered in Dublin, Arkphire has been recognised as one of the fastest-growing technology companies in Ireland. The company is a multi-award winner, including being listed as one of Ireland’s best managed (Deloitte Best Managed Companies: 2017, 2018) and fastest growing companies (Deloitte: Fast 500 EMEA 2018, Technology Fast 50 Ireland 2017, FT1000 Europe’s Fastest Growing Companies 2018).
Paschal Naylor (pictured), CEO at Arkphire, said: “Arkphire was seeking a long-term partner who shared our entrepreneurial values. We are truly excited to be working with Bregal Milestone, an investor with strong sector expertise and a global network of industry contacts to help us drive sustainable, profitable growth. I look forward to the next chapter of our partnership as we seek to ambitiously scale our business and expand our market leadership.”
Cyrus Shey, managing partner at Bregal Milestone, said: “We are highly enthusiastic to partner with Arkphire management on its next stage of growth. Arkphire boasts longstanding relationships with a blue-chip portfolio of global technology customers and enjoys unrivalled reputation as a reliable and customer-focused innovation partner. We look forward to working with Paschal and his team in partnership to further drive growth opportunities, both organically and through M&A.”
Supporting Arkphire in concluding this investment was IBI Corporate Finance acting as corporate finance advisors. Arkphire currently employs over 90 people across its various divisions.
