Castle Street lines up third acquisition after RBS backing
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Edinburgh-based investment firm Castle Street Investment has securing £19 million of new banking facilities with Royal Bank of Scotland.
The AIM-listed company, which was created by Scots entrepreneur Bill Dobbie following the sale of his Cupid online dating business said the resource provides the funds to make a potential third acquisition later this year.
Castle has bought two IT and cloud businesses over the last two months as it seeks to consolidate the sector.
The firm announced a £1.1m profit for 2015 against a loss of £4.06m in 2014 following the disposal.
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