Inflexion buys stake in Jack Wills(2)

UK mid-market firm Inflexion Private Equity has made its first retail investment, buying a minority stake in casual clothing retailer Jack Wills.

London-based Inflexion Private Equity has bought a significant minority stake in Jack Wills, a UK fashion chain, for an undisclosed amount.

Jack Wills operates 21 stores around the UK and has plans for global expansion in the US and Japan. The business sells casual clothing predominantly to high school and university students.

Simon Turner, managing partner at Inflexion, said: “Jack Wills operates in an interesting niche market and has developed strongly through an excellent understanding of its customer demographics.”

The deal is the first retail investment for Inflexion, which has historically invested predominantly in the leisure and services sectors. The firm is currently investing its £165 million (€244 million, $332 million) buyout fund that it raised in 2006.