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 acquisition of Sweethaven Computers, a managed IT services firm. Additionally, the investment will cover deferred consideration from a previous acquisition. InTec Business Solutions, 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 latest 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 will enhance InTec’s education-focused offering and expand their presence in the public education sector. Duke Royalty provides alternative capital services to profitable and well-established businesses in Europe and North America.