The deal, which was announced today, follows a period of review at the Northampton-based print manager whereby the management team had identified "a need to focus the business around its growth strategies and had sought additional external funding to support this".

Steve Brundle, chief executive of TPF Group, said: "This represents an exciting development for our business, as we can now build upon our fantastic success to date and realise the benefits from an excellent pipeline of new business opportunities across our print management and marketing services divisions."

Director of TVC, Bruce Gordon, added: "We are very excited about working with TPF and have been very impressed by the management team and their vision for the business moving forward. We are also impressed by the excellent customer base and the high regard that clients hold the company in."

Thames Valley Capital (TVC) advises the TV1 fund – a £7.5m fund targeting "early-stage, high-growth potential companies".

According to the firm's website, "TVC draws on the strong track record and experience of its founders to invest in and assist entrepreneurs to grow their businesses through to profitable exits".