Troika sold to investment firm

Troika has been sold to Birmingham-based Fresh Equity.

Corporate finance firm Watersheds, which is also based in Swindon, secured the sale of Troika Systems. The business was established by Philip Hall in 1996.

Hall said: “I am delighted to have worked with Watersheds. I believe the business can be taken to the next level with the current management team under guidance and support of a more experienced owner.

“Therefore, it was important to me Troika was sold to a buyer who saw the potential and more importantly would look after the loyal staff who have supported me all these years.

“The process of selling the business was overwhelming but Watersheds were there to advise and support me by co-ordinating all parties and managed the transaction throughout.”