Inflexion Private Equity, a UK-based mid-market buyout firm, has closed a new co-investment fund with £75 million in capital commitments. It will invest alongside a £165 million fund raised in 2006.
Inflexion Private Equity, the mid-market private equity investor, is pleased to announce the successful closure of their Co-investment Fund. The Fund, which had a hard cap of £75m, was oversubscribed and was overwhelmingly supported by existing investors.
The Fund, which will co-invest in new deals alongside the £165m 2006 Inflexion Buyout Fund, will continue its strategy to invest in UK sub £100 million growth buyouts. The Fund will enable Inflexion to offer vendor completion certainty by potentially buying without debt, or increasing the equity component of deals.
The closure of the Fund continues a successful 12 months for Inflexion who have realised 3 investments including most recently the sale of Viking Moorings which made a 12x return, and the buyout of healthcare company ICS. Inflexion has continued to develop its existing portfolio companies with numerous add on acquisitions, whilst strengthening their own investment team with a number of high profile hires.
Simon Turner, Managing Partner at Inflexion commented; “We are extremely pleased to have completed the Fund ahead of our original hard cap, especially in times of such uncertainty. Our LP relationships are valued extremely highly and this round of fundraising demonstrates the ongoing support of our existing relationships, together with the proven success of our commitment to the UK smaller mid market. We are excited about the prospect of continuing to invest in attractive businesses and driving value for our investee companies and investor base alike.”