Duke Royalty, a financial services company, has announced a £2.8m follow-on investment into its existing royalty partner. The investment will be used to facilitate the acquisition of Sweethaven Computers by InTec Business Solutions, a managed IT services firm. Additionally, the investment will cover the settlement of deferred consideration from a previous acquisition. InTec, based in Manchester, is an investment holding company that focuses on acquiring synergistic companies within the IT managed services sector in the UK and Ireland. Sweethaven, established in 1977, provides managed IT services primarily to SMEs in 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 and well-established businesses in Europe and North America.