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Exsel Group are delighted to announce that we have won backing worth half a million pounds from private equity company Coralinn LLP.

The new investment will secure around 50 jobs in Glasgow and Aberdeen and will also allow for further expansion in our Edinburgh offices to go ahead.

“We are absolutely delighted to have secured this investment from Coralinn," said Tom McDonald, Exsel Group Managing Director.

"As two strong Scottish businesses, it will be exciting to see what we can do together and where this investment will elevate us.”

Hugh Stewart OBE, managing partner at Coralinn and now an Exsel Group chairman, said Coralinn had taken a 45% stake in Exsel because it was a dynamic young company which fitted the portfolio profile for Coralinn’s investments.

“Coralinn is about investing in people and companies that can provide unique solutions and services," said Hugh Stewart, OBE.

"Tom and his team have created a fast growing environment providing Scottish companies with a unique business model offering lower costs yet innovative solutions across a range of tech products and services.”

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