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Inflexion closes latest buy-out fund on £375m

30 Sep 2010

Mid-market investor Inflexion Private Equity has held a first and final close of its latest fund targeting UK countries on £375m (€436.9m).

Offering the latest sign that the fundraising environment is loosening up for some areas of private equity, the fund closed after three months fundraising, more than twice oversubscribed.

Almost 30 investors committed to the fund, with the bulk of support coming from existing investors, as well as new entrants from Asia and Australia.

The 2010 Buyout Fund is to target ten to 15 investments in UK companies with enterprise values ranging from £10m (€11.6m) to £100m (€116.5m).

Inflexion managing partner Simon Turner said, “We are delighted to have received such strong support from existing investors in Inflexion funds and completed our fundraising within such an efficient timetable. We are equally pleased to welcome a selection of new investors to the fund, diversifying our capital base by geography and provenance.

“Inflexion will continue to invest in the UK mid-market where we have built an exciting portfolio of growing businesses and see good quality investment opportunities for the future,” he added

In June, the firm sold its stake in portfolio company ICS alongside F&C Private Equity, reportedly to US firm, Blackstone.

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