Gorilla Technology Buys Shackleton Finance to Create Regulated Capital Platform

Gorilla Technology Group Inc., a global leader in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology, and data centers, has recently made a significant move by entering into a memorandum of understanding for the acquisition of Shackleton Finance Limited. Shackleton, an authorized Alternative Investment Fund Manager (AIFM) based in the UK, is poised to become part of Gorilla Technology Capital upon completion of the acquisition.

The creation of Gorilla Technology Capital aims to provide support for the expansion and capital formation of large-scale AI data centers and vital digital infrastructure projects. By merging Gorilla’s expertise in technology origination and infrastructure delivery with Shackleton’s regulated fund management capabilities, the new entity will facilitate investments in critical digital infrastructure. Gorilla Technology Capital will function as a specialized investment vehicle targeting institutional capital interested in smart infrastructure and AI-driven assets on a global scale, including areas like data centers, GPU-as-a-Service, quantum technologies, next-generation cybersecurity, and national digital infrastructure. Furthermore, this strategic move will enable long-term fund investors to access these sectors while serving as a potential financing source for Gorilla’s capital and operating expenses related to ongoing projects, emphasizing the company’s commitment to securing non-dilutive project-related financing options.

Following the acquisition, Shackleton’s senior management is expected to maintain their positions to ensure regulatory stability, continuity, responsible fund management, and experienced leadership in capital procurement for technology sectors aligned with Gorilla’s operations. The business will uphold strong independent governance standards, including conflict management protocols and investment committee oversight, in adherence to UK regulatory requirements. Future fund distributions will be limited to professional clients and eligible counterparties to ensure regulatory compliance and safeguard investor interests.

Jay Chandan, Chairman and CEO of Gorilla Technology, emphasized the significance of acquiring Shackleton Finance in establishing an investment platform that drives institutional funding into smart infrastructure sectors. He highlighted the opportunity for Gorilla to secure regulated long-term capital seeking exposure to cutting-edge technologies across rapidly advancing markets. Managing Partner designate of Gorilla Technology Capital, Deborah Hudson, underscored the synergy created by merging a regulated fund management framework with Gorilla’s operational capabilities to establish a disciplined investment platform supporting institutions and public-sector entities in need of structured capital solutions.

The completion of the acquisition is contingent upon approval by the UK Financial Conduct Authority (FCA) under the change in control regime. The timing and finalization of the agreement remain subject to the FCA’s approval process. It is important to note that this announcement does not signify an offer for investing in any fund or investment product, and any future funds will be established and marketed in accordance with applicable regulatory guidelines.

In conclusion, Gorilla’s acquisition of Shackleton Finance marks a significant step towards enhancing its capital structure, strengthening its position in the market, and driving investment in critical digital infrastructure projects on a global scale. This strategic move underlines Gorilla’s commitment to innovation, regulatory compliance, and sustainable growth in the technology sector.