3i is in talks with Enterprise Plc, a company which provides support services and maintenance to utilities companies, local government and large corporations. It is understood that the offer will be up to 20p higher than a 575p per share bid from an unknown buyer rejected by the company earlier this year.
Danish VC Heartcore Capital, UVC Partners and existing investor Picus Capital also take part
Deal is an extension of the $4.1m series-A funding round led by Blossom Capital in October 2019
Fresh capital will help the provider of cloud access services expand in western Europe
DBay has also negotiated a new revolving credit facility for the transport and logistics company