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 fund the partner’s latest acquisition of a managed IT services firm, Sweethaven Computers. Additionally, the investment will cover the settlement of deferred consideration from a previous acquisition. InTec Business Solutions, based in Manchester, is an investment holding company focused 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. Duke’s total investment into InTec now amounts to £23.9m. Neil Johnson, CEO of Duke Royalty, expressed excitement about the acquisition, stating that it will strengthen InTec’s education-focused offering and expand their presence in the public education sector. Duke Royalty provides alternative capital services to profitable businesses in Europe and North America.