UK mid-market player Inflexion Private Equity has sold CHKS Limited, a provider of healthcare intelligence and quality improvement services, to professional services group Capita for £11.6m.
CHKS was the UK division of Healthcare Knowledge International (HKI), a business Inflexion acquired in April 2004. The sale of this part of HKI has generated a 1.5x return. There remains a Spanish arm, IASIST, which Inflexion is also looking to sell.
The sale of CHKS means that Inflexion has repaid all of the capital drawn on its 2003 Fund.
John Hartz, managing partner at Inflexion, said: “We are proud that throughout the period of our ownership CHKS has not only grown, but has almost doubled the number of employees organically. It is now in a position to move forward into its next stage of development and we wish the team every success in the future.”