Whileman was 3i’s most recent head of UK private equity and a founding partner of its €1.2 billion Growth Capital Fund, a 2010 vintage focused on mid-cap minority investments. He was among the firm’s celebrated dealmakers, having led investments including architect firm Foster + Partners, Hyperion Insurance and Hayley Conference Centres.
He left 3i in June, shortly before Tomas Ekman, who headed the firm’s Northern European operations, also resigned from the firm. Whileman was replaced in his role by Alan Giddins, managing partner and co-head of 3i’s private equity team, while Partners Fredrik Karlsson and Mattias Eklund took over Ekman’s responsibilities.
Whileman’s appointment at Inflexion is intended to support the firm’s increasing focus on mid-market minority investments, said Simon Turner, managing partner at Inflexion, in a statement. The latest transactions it concluded in that space date back to 2012, and include fund administration business Sanne Group, in which it invested last October, and CTC Aviation Group, backed by the firm in June.
Inflexion made the headlines last year when its latest co-investment vehicle reached its £100 million hard-cap in less than six months. The fund is currently investing alongside the firm’s 2010 Buyout Fund, which reached its final close on £375 million.