Sydney-headquartered global financial services group Macquarie Capital has invested $99 million in Australia-based platform-enabled, secure network and digital infrastructure provider Orro Group, according to a LinkedIn post.

Formerly known as Cirrus HoldCo, the firm relaunched itself in 2021 as Orro and acquired security services provider eSecure in the same year. Orro is owned by Australian mid-market private equity firm Liverpool Partners and specialised advisory and investment firm Parc Capital.

“Congrats to Rodd Cunico, Daniel Greengarten, and the team for the hard work put in to achieve this milestone in the life of the business. Also credit to our partners Adam Pozniak and the Parc team. Special thanks to Newton Gillies and Nick Dent from the Macquarie team for their support,” said Jonathan Lim, managing partner, Liverpool Partners.

Neither Macquarie nor Liverpool would reveal how much equity it had taken, nor the value of the transaction, beyond saying Orro was now worth hundreds of millions of dollars, The Australian Financial Review reported.

The capital will allow Liverpool to hold onto the asset for longer and enable Orro to go on its next shopping spree, the report said.

Orro Group offers end-to-end platform-enabled solutions, including cloud, collaboration, cyber, and data services to more than 400 businesses every day.

Macquarie Capital advises clients on strategic and financial issues, including M&A, divestments, takeover responses, debt and equity financing, capital management, and restructuring, according to its website. It claims to have made $337 billion worth of transactions in the year ended March 31, 2022.