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, focuses on executing a buy and build strategy within the IT managed services sector in the UK and Ireland. Sweethaven, established in 1977, specializes in providing managed IT services to SMEs, with a primary focus on the education sector. This latest financing increases 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 scale and credibility within the public education sector. Duke Royalty provides alternative capital services to profitable and long-established businesses in Europe and North America.