Gorilla Technology Group Inc., a global solution provider in security intelligence, network intelligence, business intelligence, IoT technology and data centres, today announced that it has entered into a memorandum of understanding outlining the principal terms of a proposed acquisition of Shackleton Finance Limited, a UK-authorised Alternative Investment Fund Manager (AIFM) and subsidiary of Shackleton Ventures.
Upon completion of the acquisition, Shackleton is expected to be rebranded as Gorilla Technology Capital. The proposed acquisition is designed to align Gorilla’s technology origination and infrastructure delivery expertise with Shackleton’s established FCA-regulated fund management framework, forming a capital structure to support investment in critical digital infrastructure.
Gorilla Technology Capital is expected to operate as a dedicated investment vehicle for institutional capital targeting smart infrastructure and AI-driven assets globally, including data centres, GPU-as-a-Service, quantum technologies, next-generation cybersecurity, and national digital infrastructure.
Future funds will be able to invest in Gorilla’s projects, giving long-term fund investors access to these sectors while providing Gorilla with another potential financing source for capital and operating expenses related to its executed contracts.
This strategy reflects Gorilla’s commitment to non-dilutive project-related financing options.
Shackleton’s senior management is expected to remain in place to ensure continuity, regulatory stability, stewardship of existing funds, and experienced leadership in raising new capital focused on the technology sectors in which Gorilla operates.
The business will continue to operate with strong, independent governance, including conflict management protocols and investment committee oversight, in line with UK regulatory standards. Any future fund distribution will be limited to professional clients and eligible counterparties.
“The acquisition of Shackleton Finance marks an important milestone in building a platform focused on driving institutional investment in smart infrastructure,” said Jay Chandan, Chairman and Chief Executive Officer of Gorilla. “Gorilla will have the opportunity to obtain regulated capital that is long-term oriented and seeking exposure to AI data centres, GPU-as-a-Service, quantum technologies, and next-generation cybersecurity in markets positioned for rapid advancement, while our focus on non-dilutive financing sources will enhance the returns we seek to deliver to our long-term shareholders.”
The combination of a regulated fund management framework with Gorilla’s operational capabilities “creates a compelling force multiplier”, stated Deborah Hudson, Managing Partner designate of Gorilla Technology Capital.
Hudson added, “Our objective is to establish a disciplined investment platform that supports institutions and public-sector counterparties seeking structured capital solutions, underpinned by strong governance alongside operational expertise and execution.”
“This transaction strengthens our platform by pairing Shackleton’s two decades of regulated fund management experience with a global technology partner,” said Hugh Stewart, Chairman of Shackleton Ventures. “Our priority remains continuity and responsible stewardship of the funds we manage, alongside disciplined expansion into smart infrastructure strategies.”
Completion of the acquisition is conditional on approval from the UK Financial Conduct Authority under the change-in-control regime. Approval is not assured, and the timing remains subject to this process. Subject to FCA approval, the parties intend to execute a detailed sale and purchase agreement.
This announcement does not constitute an offer to invest in any fund or investment product, and any future funds will be established and marketed in accordance with applicable regulatory requirements.
Headquartered in London, UK, Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. It provides a wide range of solutions, including smart city, network, video, security convergence, and IoT, across select verticals of government and public services, manufacturing, telecom, retail, transportation and logistics, healthcare, and education, using AI and deep learning technologies.
Its expertise lies in revolutionising urban operations, bolstering security and enhancing resilience. It delivers pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies.
By integrating these AI-driven technologies, smart cities can enhance efficiency, safety, and cybersecurity, ultimately improving residents’ quality of life.
