Duke Royalty has announced a £2.8m follow-on investment into its existing royalty partner to support its latest acquisition of a managed IT services firm. The investment will enable InTec Business Solutions to acquire Sweethaven Computers and settle deferred consideration from a previous acquisition. InTec, based in Manchester, is an investment holding company focused on acquiring synergistic companies in the IT managed services sector in the UK and Ireland. Sweethaven, established in 1977, provides managed IT services to SMEs with a particular emphasis on building long-term relationships within the education sector. This investment brings Duke’s total investment into InTec to £23.9m. Neil Johnson, CEO of Duke Royalty, expressed excitement about the acquisition, stating that it strengthens InTec’s education-focused offering and expands their presence in the public education sector. Duke Royalty provides alternative capital services to profitable businesses in Europe and North America.