118 Group Ltd, a Sutton Coldfield, UK-based business database owner and the company behind business listings found on every search engine, received an investment from Pricoa Capital Group.
The amount of the deal was not disclosed.
The transaction provides shareholder liquidity and enables the company to continue to drive the business forward.
Set up in 2008 by entrepreneurs Paul Spinks and Patrick Bradshaw, who will maintain significant stakes in the business following the investment, 118 Group is the owner of a UK business database supplying information under license to credit reference agencies, mapping companies and every major search engine.
The group, which also operates a B2B marketing division, trading as Market Location, employs 90+ staff.
Pricoa Capital Group is the private debt and risk capital investment arm of PGIM, the global investment management business of Prudential Financial, Inc.
FinSMEs
27/03/2017