Technology

Posted on May 2, 2019 by staff

Inflexion raises £1 billion in successful double fundraise

Technology

Private equity firm Inflexion has raised £1 billion after closing two funds.

The Inflexion Enterprise Fund V and Inflexion Supplemental Fund V have hard caps of £400 million and £600m respectively.

Raised exclusively from its existing base of blue-chip investors from across Europe, the US and Asia, both funds were oversubscribed and closed at their respective hard caps in under ten weeks.

Inflexion Enterprise Fund V is focused on the UK lower-mid market. The fund will back high-growth, entrepreneurial businesses with ambitious management teams through investments of £10m to £35m, taking both majority and minority stakes.

Both funds will invest across all sectors and each investee company will have access to Inflexion’s extensive resources spanning digital enhancement, international expansion, acquisition support, operational improvement and talent management.

Inflexion Supplemental Fund V will invest primarily alongside Inflexion Buyout Fund V, a £1.25bn fund, and Inflexion Partnership Capital Fund II, a £1bn fund, the pools of capital Inflexion raised concurrently in 2018.

As with Inflexion’s previous supplemental funds, Supplemental Fund V will support the firm on larger investments.

As with the funds raised in 2018, the Inflexion Foundation will receive distributions equal to one per cent of the funds’ profits. The Inflexion Foundation primarily supports organisations that improve the prospects of disadvantaged young people.

Simon Turner, managing partner at Inflexion, said: “We greatly appreciate the strong ongoing support of our existing investors to these funds.

“This is a clear demonstration of the continued investor appetite for private equity investing in the UK and beyond.

“Our family of funds give us unparalleled flexibility in the mid-market to offer tailored equity investments from £10m to £250m for majority or minority stakes.

“We are delighted that we can continue to back the widest possible range of high growth, entrepreneurial businesses combined with genuine support for ambitious management teams.”

In the last 12 months Inflexion invested close to £500m in 11 businesses as well as supporting over 45 add-on acquisitions for its portfolio companies.

Inflexion also successfully exited three businesses with a combined enterprise value of over £800m.

Inflexion currently has a portfolio of 42 companies, reaching 150 countries and employing more than 20,000 people.