River Capital has announced a significant seven-figure investment into a leading provider of digital infrastructure services to the UK holiday park and leisure sector.
The investment into Preston-based Infinium Group will be used to support the scaling of the company’s next-generation EDGE platform and accelerate nationwide growth.
The investment comprises a combined package of equity funding from River Capital’s North West Equity Fund alongside mezzanine debt from the newly launched River Capital Mezzanine Fund.
Founded in 2002 by CEO Peter Miles and CTO Dan Massey, Infinium has established itself as a trusted specialist designer, installer, and operator of complex WiFi networks for holiday home and lodge parks across the UK.
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As part of the investment, former Telefonica UK CEO Andrew Peters has joined the board as chair.
In addition, Mark Evans, group finance director at leisure operators Bourne Leisure and Warner Hotels, has joined to provide additional support to the finance function.
Mark Borzomato, CEO of River Capital, said: “Infinium is exactly the type of established, sector-specialist business we seek to support.
“Under the direction of Peter and Dan, the company has built a solid reputation over more than two decades, demonstrating deep technical expertise and strong customer relationships in a niche market – customer feedback as part of our commercial due diligence was exceptional.
“The EDGE solution addresses a clear market opportunity and positions Infinium to capture growth across a broader segment of holiday park operators.”
Paul Billingham and Greg Rawsthorne of Knight Corporate Finance advised management on the transaction.
Mike Murphy (Weightmans) provided legal support for River Capital Private Equity and Densie Walker and Joanna Sproson (Glenville Walker) for River Capital Mezzanine.
Financial and tax due diligence was led by Rowan Porter and Michael Spencer (MHA), and management due diligence by Paul Quinn (Quinn Partnership).
Legal support was provided by Richard Robertson of Napthens on behalf of management.