The UK Financial Conduct Authority approved the change of control of Shackleton Finance Limited on April 8 2026, satisfying a key regulatory condition for Gorilla Technology Group Inc.’s acquisition that was announced on February 18 2026.
Following the approval, Gorilla will rebrand Shackleton Finance as Gorilla Tech Capital and use the platform to structure special‑purpose vehicles that can raise and deploy $2 billion to $3 billion of funds under management by the end of 2027. The new capital vehicle will provide non‑dilutive financing for Gorilla’s AI data‑centre, GPU‑as‑a‑service, and sovereign infrastructure projects across ASEAN, India, the Middle East and Europe.
This move marks a strategic shift that expands Gorilla’s ability to fund large‑scale infrastructure deployments without issuing new equity, thereby preserving balance‑sheet strength and shareholder value. By combining its origination and delivery expertise with a regulated investment platform, Gorilla aims to accelerate the conversion of its $7 billion pipeline into signed contracts and recurring revenue streams.
Gorilla’s prior financial performance underscores the timing of the approval: the company reported record full‑year revenue of $101.4 million for 2025, a 35.7% year‑over‑year increase, and a narrowing IFRS operating loss. In Q4 2025, revenue reached $35.6 million, beating consensus estimates and reflecting strong demand in its core technology segments.
Management emphasized the significance of the approval: "The FCA's approval is a landmark moment for Gorilla and signals a step change in how we will finance and scale our AI infrastructure pipeline. We have built a high conviction pipeline across ASEAN, India, the Middle East and Europe. Gorilla Tech Capital will give us a regulated platform to bring in co‑investors at the project level, accelerating delivery while preserving the strength of the group balance sheet."
The announcement did not trigger a significant market reaction, indicating that investors viewed the approval as a positive but expected development within Gorilla’s broader growth strategy.
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