Phoenix, a private equity firm, completed the acquisition of a minority stake in Dufrain, a provider of data management services. Financial terms were not disclosed. “The data services market is large, global and growing quickly. Dufrain is perfectly placed to capitalise on this as the leading independent data solutions provider in the UK. Over the years that we have been following Dufrain we have been impressed by its fantastic culture, strong client relationships and first-class quality of work. We are very excited to have the opportunity to partner with Joseph and the team to help achieve our shared vision," Chris Neale, Phoenix Partner.