Consumer tech partner Tactus secures £40m funding round as it eyes more M&A

Investment to go towards ‘strong pipeline of M&A opportunities’ for Microsoft Gold partner

Consumer tech firm Tactus Group has landed £40m in investment which it plans to put towards an aggressive buy-and-build strategy.

The £40m funding round, from UK-based Chrysalis Investments, will support Tactus' ambitions to become a "globally recognised" gaming and consumer computing group.

It follows a previous £12.5m in funding led by Liverpool-based investment firm Arete Capital Partners earlier this year in April.

Tactus used its previous funding round from Arete Capital Partners to acquire West Yorkshire-based PC builder CCL Computers.

At the time, Tactus said the acquisition will create a £125m revenue business and will bolster its standing in the PC gaming space.

Now, with the new capital injection from Chrysalis, Tactus plans to orchestrate a string of M&A opportunities on a global level and form new partnerships in order to establish itself as a recognised gaming and consumer computing group.

The Gold-level OEM Microsoft partner bills itself as a "global sourcing specialist" that supplies Windows 10 devices across the UK and Europe.

Its CEO Scott Brenchley 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."

Co-portfolio managers at Chrysalis, Richard Watts and Nick Williamson, 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."

The firm added that it is on track to deliver "strong growth" this year, claiming to have significantly increased its headcount over the last 12 months with plans to continue expanding this year.