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PARC Capital injects $21M into growing Australian cloud provider NEXION Group to fund M&A Growth.

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

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