Mergers and Acquisitions, CSPs, Private equity

Parc Capital Invests in Australian Cloud Services Provider NEXION Group

Arrow rising up with bar graph on dark blue background. illustration of growth business success or goal development, financial investment profit graph and leadership motivation strategy achievement.

Arrow rising up with bar graph on dark blue background. illustration of growth business success or goal development, financial investment profit graph and leadership motivation strategy achievement.

Parc Capital Fund Services Pty Ltd has announced a $21 million investment in NEXION Group, a hybrid cloud service provider based in Australia.

Parc Capital, founded in 2017, is based in Bondi, New South Wales, Australia. The company has employees listed on LinkedIn. Parc's areas of expertise include Private Equity, Corporate Advisory, Business Services, Mergers & Acquisitions, Equity Funding, Investment Management, Debt Funding, and Directorships.

NEXION Group, founded in 2018, is based in Perth, New South Wales, Australia. The company has 3 employees listed on LinkedIn. NEXION Group's areas of expertise include cloud, SD-WAN, security, Fortinet, networks, IT, data center, and hybrid cloud.

PARC Invests in NEXION Group

The company's strategy since listing has been to aggressively grow through innovation, organic growth, and acquisitions. PARC's investment in NEXION will assist NEXION with the financial resources necessary to execute its growth plans and add value to the business and shareholders, the company said.

The investment allows the company to strengthen existing capabilities while continuing its strategic growth path. The initial drawdown from PARC will assist with planned acquisitions in New Zealand while providing ongoing support for NEXION's future M&A activity, the companies said.

It will also add discipline to decision-making and reporting as well as help deals be completed faster, the companies said.

Peter Christie, executive chairman and interim group CEO of NEXION, commented on the news:

"PARC stood out as the perfect partner for our M&A program. They understand the technology industry, how it operates, how to value acquisitions and where to look for risks. This deep understanding makes working with them in technology M&A highly productive and I'm looking forward to making rapid progress now we have this facility in place."

About the Companies

PARC is an experienced funder in the technology industry, with multiple acquisitions already funded in the IT sector, the company said. The firm's recent $150 million deal with Macquarie Capital to help fund cybersecurity provider Orro Group is evidence of its expertise in the field.

NEXION offers network, compute, security, and data storage solutions and specializes in whole-of-enterprise IT sector since its public listing in 2021.

Sharon Florentine

Sharon is a master technology storyteller and editor with omnichannel experience: books and print magazines, digital, webcast, blogging, podcast, live events and video and associated brand-specific social media content. From 1999 to 2003, she acquired and edited technology books and certification exam prep guides.

After a year spent in publicity and editorial at mass-market book publishers, she returned to tech publishing and, since 2004, explored B2C and B2B news, issues and trends in consumer, lifestyle, software, software development, AI, ML, networks, big data, hardware, security, storage, cloud, equity, inclusion, diversity, women in tech, career development, IT management, H-1B visa issues and immigration, education, training and learning.

Her previous role was as the managing editor at Techstrong Group in charge of Cloud Native Now, DevOps.com, Security Boulevard and Techstrong ITSM and their brand-specific social media. She currently serves as editorial director for CyberRisk Alliance’s channel brands, ChannelE2E and MSSP Alert and acting editorial director for SC Media UK. Drop me a note and let’s talk!

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