Rockpool invests in Xiatech

The investment marks Rockpool’s fifth deal completion of the year. The firm provides equity and mezzanine loans of £3-12m.

The fresh capital will go toward Xiatech’s new platform, Single Data View. Xiatech also intends to increase its expansion efforts in the UK, Europe and the US, particularly within strategic industries such as retail, travel, hospitality, betting and gaming, and financial services.

Martin Moran joined Xiatech’s board at completion of the deal as chairman, with David Chislett joining as CFO.

Company
Headquartered in London and founded in 2003, Xiatech employed six people as of 2019. The company is a system integration and data analytics software specialist.

People
Rockpool Investments – Darran Green (investment director).

Advisers
Equity - Stephenson Harwood, Richard Coleman (legal); HMT (financial due diligence); Wilson Partners (tax); Catalysis Advisory (management due diligence); FluidIT Consulting (IT due diligence); Luminii Consulting (commercial due diligence).
Company - BDO Growth Advisory (corporate finance); Mishcon de Reya (legal).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• BDO LLP