Inflexion raises Â£1bn for private equity investments
Inflexion Private Equity, which has a Manchester base and owns Cheadle travel business On The Beach, has raised more than £1bn to invest in small and medium-sized companies.
The firm has closed two fund – Inflexion Buyout Fund IV and Inflexion Partnership Capital Fund I - securing commitments of £650m and £400m respectively. Both funds were oversubscribed and closed within five months of launch.
Simon Turner, managing partner at Inflexion, said: "We greatly appreciate the commitment of our investors. Their resounding support for our buyout and partnership capital strategy reflects the quality of our team and track record, of which we are exceptionally proud, and the enduring attractions of the UK mid-market.
"We are delighted to retain a large number of longstanding investors, many of which have now supported Inflexion for well over a decade."
The new funds will follow the same strategy of Inflexion's previous funds, investing between £15m and £75m in high-growth, entrepreneurial businesses. Its Partnership Capital Fund will solely focus on the UK mid-market.
The closing of these two funds follows a record 12 months for Inflexion in which the firm invested in five businesses and exited a further four.