Arc Has Executeda Term Loan Agreement Of 21 Million To Support Nexion 39s Growth Plans The Parc Signifies Value Asa Business And Allows Company Strengthen Existing Capabilities While Continuing Its Strategic Path Initial Drawdown From Will Assist With Planned Acquisitions In New Zealand Providing Ongoing For Futurem Ampa Activity Partnership Between Is Expected Add Discipline Decision Making Reporting As Well Assisting On Deals Being Completed Faster News Today : Breaking News, Live Updates & Top Stories | Vimarsana
PERTH, Australia, May 11, 2023 /PRNewswire/ PARC Capital Fund Services Pty Ltd (PARC) has announced a $21 million investment in NEXION Group (NEXION ASX:NNG), a fast-growing hybrid cloud service provider based in Australia. PARC is an experienced funder in the technology industry, with multiple acquisitions already funded in the IT sector. The firm's recent $150 million deal with Macquarie Capital to help fund cyber security provider Orro Group is evidence of its expertise in the field. NEXION offers network, compute, security, and data storage solutions and has been recognised as a serious player in the competitive whole-of-enterprise IT sector since its public listing in 2021. The company's strategy since listing has been to aggressively grow through innovation, organic growth, and acquisitions. After extensive due diligence, PARC has executed a term loan agreement of $21 million to support NEXION's growth plans. The support of PARC signifies NEXION's value as a busi