Pricoa Capital invests in 118 Group

Pricoa Capital Group, the private debt and risk capital investment arm of PGIM Inc, has invested in 118 Group Ltd. Financial terms weren’t announced. Cofounders Paul Spinks and Patrick Bradshaw will retain stakes in the company. 118 Group, of the U.K., updates and maintains a database of almost two million UK business records. Pricoa’s investment is comprised of senior debt, a senior accordion, subordinated notes and preferred equity. Pricoa Capital is the investment management business of Prudential Financial Inc.

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