Prytek Holdings has invested a $50m in Delta Capita Group, a global consulting, solutions and managed services provider, and shared access to over $100m of capital for future acquisitions and funding for client transactions. The investment enables Delta Capita to further expand as one of Europe’s leading service providers and fintech technology hubs, being the new financial services arm of Prytek.
The investment enables the consultancy, which has offices in London, Amsterdam, Singapore, Hong Kong and Johannesburg, to further accelerate its already steep growth path and enhance its service offerings with a deep suite of fintech offerings.
Based in Singapore, Prytek Holdings is an investment group that invests in mainly technology, fintech and operations-as-a-service companies. The firm’s portfolio has assets under management of over $300 million, with its sweet spot in areas such as artificial intelligence, cyber security, edutech, fintech and human resources.
As part of the terms of the transaction, Delta Capita obtains an investment amount of $50 million which it can use to enhance its offerings, build proprietary solutions and expand its geographic presence.
“We work with many of the world’s leading financial institutions helping them transform and simplify operations, reduce cost and adopt innovative business models and technologies, and comply with regulatory obligations,” said Joe Channer, CEO of Delta Capita.
Benefiting from access to the 30+ innovative technology companies under Prytek’s belt, Delta Capita will be better positioned to provide its clients in the financial services industry with regulatory, digital transformation and innovation services.
At the same time, the deal also aims at providing Delta Capita with growth opportunities from within. The consultancy now becomes the financial services arm of Prytek, and will help portfolio companies with scaling up and related strategic and organisational matters.
In addition, the UK-headquartered consulting firm gains access to over $100 million in transaction capital, which will fuel a joint buy-and-build strategy with Prytek Holdings. Acquisitions will be integrated within the portfolio of Prytek Holdings, while enabling Delta Capita to deepen and/or broaden its key offerings of consulting, programme and technology delivery, solutions and managed services.
Commenting on why Prytek Holdings decided to invest in the firm, Managing Partner Andrey Yashunsky said, “Delta Capita has a unique combination of experience in financial services and technology innovation capability allowing it to offer outstanding managed services and solutions to its clients.”
The announcement comes weeks after Financial Times named Delta Capita one of Europe’s fastest growing consulting firms, a recognition it has now received three years in a row. Channer: “Access to Prytek’s capital and growing portfolio, provides further leverage for Delta Capita and its growth as one of Europe’s largest fintech solutions and service providers.”