Data business secures £42m investment deal
Pricoa Capital has invested £42m in Sutton Coldfield-based 118 Group to fund the next phase of growth for the data services business.
The business database owner was set up in 2008 by joint chief executives Paul Spinks and Patrick Bradshaw, who will maintain significant stakes in the business.
Bradshaw believes the deal will allow the group to "fulfill the next stage in its growth trajectory".
He said: “Early on we spotted the potential for licensing good quality business data, underpinned by a commitment to accuracy that ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
