Development Bank of Wales was set up by the Welsh Government to support the local economy by making it easier for businesses to get finance to start up, strengthen and grow. It has led an investment round into Delio from both new and existing investors.
Delio is a white-label-platform for private assets which seeks to connect private deal flow with high-net-worth capital. It is based in Cardiff but also has offices in London, Brussels, Manchester and Sydney. The investment will allow Delio to accelerate its expansion in Europe, Asia and the Middle East and, as it enters 2018, build on its achievements from previous years.
Geraint Tilsley, Corporate Partner at Geldards, said:
“We are delighted once again to advise Development Bank of Wales on an important investment. The investments they make strengthen the Welsh economy and help underpin Cardiff’s role as a key player in the financial services industry. We are looking forward to seeing Delio’s growth both in the UK and globally.”