Inflexion expands investment team again

The UK mid-market firm has made two more external hires as it looks to raise £900m of fresh capital

Inflexion Private Equity, the UK-based mid-market private equity firm, has expanded its investment team further with two external hires.

John Harper will join the firm’s buyout team, while Stuart Robinson will take up a role within Inflexion’s ‘Partnership Capital’ team, which focuses on minority investing.

Harper has more than 20 years’ experience in private equity, most recently with UK-based mid-market group LDC, part of Lloyds Banking Group. He previously held positions at Duke Street and Montagu Private Equity, according to his LinkedIn page.

Robinson joins the firm from the London office of Levine Leichtman Capital Partners, a US mid-market growth equity investor, where he was managing director in the structured equity team, which also focused on minority investments. He previously held a partner position at 3i.

Harper and Robinson are the latest of several hires at Inflexion in the past 12 months. In July the firm recruited Jon Andrew, a former LDC managing director and chief operational officer, into the newly-created role of value enhancement director. This new position is intended to “support strategic and operational value creation within Inflexion’s portfolio,” according to a statement from the firm.

Last September the firm appointed former 3i managing director David Whileman as partner. According to a statement from Inflexion managing partner Simon Turner at the time, Whileman was brought in to support the firm’s increasing focus on mid-market minority investments.

Inflexion has also taken on two investment executives this year: Chloe Holding, formerly a project manager at growth investor DN Capital, and Richard Wootten, who was previously with investment bank Gleacher Shacklock, according to their respective LinkedIn pages.

The hires come as Inflexion looks to raise two new vehicles. According to Private Equity International’s Research & Analytics team, its flagship buyout fund, Inflexion Private Equity IV, is targeting £600 million, while it is also looking to raise an extra £300 million for its Partnership Capital team.

Inflexion is currently investing its latest buyout fund, a £375 million, 2010-vintage.

Over the past 12 months, Inflexion has invested in five businesses and exited a further four, Turner said in a statement. These exits include two successfully listings: UK-headquartered IT services company FDM Group, which was floated on the London Stock Exchange in June, netting the firm a 16.2x return, and National Accident Helpline, which listed on AIM in May, yielding a 3.7x return. Inflexion also sold pharma technology business Phlexglobal to Bridgepoint Development Capital, the small-cap arm of UK-based upper mid-market investor Bridgepoint, for a 2.8x return.