Inflexion raises £2.25bn in successful double fundraise

Inflexion Private Equity Partners today announced the successful final close of Inflexion Buyout Fund V and Inflexion Partnership Capital Fund II, securing commitments of £1.25bn and £1bn, respectively.

Both funds were oversubscribed and closed at their respective hard caps within just four months of launch, after receiving strong support from existing investors and attracting new investors from the US, Europe and Asia.

The investors committing to the funds comprise leading institutional investors, including state and corporate pension plans, insurance companies and sovereign wealth funds.

In keeping with previous fundraisings, Inflexion, which has a Manchester office, closed both funds on schedule and without the support of a placement agent.

Inflexion will follow the same clear and consistent investment strategy it has applied across previous funds: investing up to £200m in fast-growing, entrepreneurial businesses with strong profit margins which are led by ambitious management teams.

As with their respective predecessor funds, Buyout Fund V will make majority investments while Partnership Capital Fund II will make minority investments.

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, and operational and commercial improvement.

As part of this double fundraise, Inflexion has announced the launch of The Inflexion Foundation, which will expand and formalise its charitable giving programme.

The Inflexion Foundation will receive distributions equal to 1% of the funds’ profits.

Simon Turner, managing partner at Inflexion, said: “We greatly appreciate the commitment of both our existing and new investors.

“Their resounding support reflects the quality of our team and track record and the enduring attractions of the mid-market.

“We are proud to have supported more than 60 management teams over our 19-year history and look forward to putting our investors’ capital to work into more high-growth businesses.”

Carl Wormald, partner with responsibility for Inflexion’s Manchester office, added: “We have had an office in Manchester since 2004, and so have real conviction about the talent and entrepreneurial spirit in the region as well as the broader North West.

“Our 14 years in the local market means we have an excellent network with which to source and help scale growth businesses.

“We look forward to partnering with more local businesses to help them grow, both across the UK and internationally.”

The closing of the funds follows a record 16 months for Inflexion in which the firm invested over £700m in 16 businesses at the same time as supporting inm excess of 80 bolt-on acquisitions for its portfolio companies.

Inflexion currently has a portfolio of 35 companies, employing more than 10,000 people with operations in 70 countries.