IT and networking solutions company Arkphire has raised what it describes as "significant capital" through an investment by UK private equity firm Bregal Milestone. 

Arkphire, which has offices in Dublin and London, did not specify the amount, beyond stating that “typical commitments from Bregal Milestone range from €20m to €60m”.

Arkphire says it provides a full range of technology solutions from the desktop to the data centre and integrates technologies from global IT companies such as Apple, Cisco, Dell EMC, HP, Lenovo, VMware, Veritas and others.

Over the past four years, the company has increased turnover from €20m to more than €90m. Chief executive Paschal Naylor (pictured) commented: "We are truly excited to be working with Bregal Milestone, an investor with strong sector expertise and a global network of industry contacts to help us drive sustainable, profitable growth.  I look forward to the next chapter of our partnership as we seek to ambitiously scale our business and expand our market leadership.”

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Bregal Milestone managing partner Cyrus Shey added: “Arkphire boasts long-standing relationships with a blue-chip portfolio of global technology customers and enjoys unrivalled reputation as a reliable and customer-focused innovation partner.  We look forward to working with Paschal and his team in partnership to further drive growth opportunities, both organically and through M&A.”

Bregal Milestone company manages a €400m pan-European fund dedicated to making investments in high-growth European companies and provides strategic assistance to support its partners. Targeted sectors include technology, healthcare, consumer and business services, high value manufacturing and specialty finance.