Aztec Group and Carey Olsen have supported Inflexion Private Equity Partners with its successful £1bn double fundraise.
Domiciled and administered in Guernsey, the two private equity funds, Inflexion Enterprise Fund V and Inflexion Supplemental Fund V, have secured commitments at their hard cap of £400 million and £600 million respectively.
Focused on the UK lower mid-market, Inflexion Enterprise Fund V will make investments of £10 million to £35 million in established businesses. Inflexion Supplemental Fund V will support the firm on larger investments, investing primarily alongside Inflexion Buyout Fund V, a £1.25 billion fund, and Inflexion Partnership Capital Fund II, a £1 billion fund, both of which were raised concurrently in 2018. The 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.
Aztec Group, overseen by Head of Private Equity in Guernsey, Matt Horton, and supported by client relationship managers, Rob Carter and Jo Le Prevost, managed the set-up of the funds and will provide a range of administration, financial reporting and governance services from its office in Guernsey.
The Carey Olsen team, led by partner Andrew Boyce with support from senior associate John Scanlan and associates Rachel de la Haye and Nele Bhebe, provided the Guernsey legal and regulatory advice in respect of the formation, structuring and launch of both funds.
Matt Horton, Head of Private Equity – Guernsey, Aztec Group, said:
“Congratulations to Inflexion and all involved in another extremely successful fundraise. We are delighted to build on our excellent long-standing partnership with Inflexion and welcome the opportunity to reinforce our award-winning credentials in fund administration and the UK mid-market sector.”
Andrew Boyce, Partner, Carey Olsen, said:
“We are delighted to have once again acted for Inflexion on this swift double fundraising. It says a lot about Inflexion’s impressive track record that it is able to attract such strong support from investors and be in a position to hold a final close on both funds in such a short period of time.”
Recently named UK House of the Year and the Grand Prix House of the Year at the 2019 Private Equity Awards, Inflexion is a leading UK private equity manager, specialising in the UK mid-market sector. It has a portfolio of 42 companies, reaches 150 countries and employs more than 20,000 people.