UK-based mid-market private equity firm Inflexion Private Equity has promoted Mark Williams from investment director to partner, according to a statement from the firm.
Williams joined the investment team in 2011 and has been involved in several transactions, including the buyout and subsequent exit of pilot training company CTC Aviation Group, which generated a 3x return for the firm in May 2015; the acquisitions of corporate travel management company Reed & Mackay from fellow UK mid-market firm ECI Partners and Livingbridge; the carve-out of animal health and agriculture data business Kynetec from Frankfurt-listed global market research organisation GfK; and the £92 million (€110 million; $123 million) buyout of tech-enabled compliance risk management and certification business Alcumus.
Inflexion has also appointed Andrew Neville as an assistant director in the investment team. Neville is joining the firm from Octopus Healthcare, where he was involved in the financing, construction and opening of a new entrant to the UK private hospital market and the acquisitive build-up of a new operator in the UK special needs schools space, the firm said.
The appointments follow the firm’s second double fundraising in 18 months. In May Inflexion held first and final closes on Inflexion Enterprise Fund IV and Inflexion Supplemental Fund IV. Both funds hit their £250 million hard-caps within just eight weeks of launch, as reported by PEI.
The Supplemental Fund will invest alongside the £650 million Inflexion Buyout Fund IV and the £400 million Inflexion Partnership Capital Fund I, for which the firm held a double final closing in autumn 2014.
The enterprise fund is focused on the lower mid-market and will seek to back high-growth, entrepreneurial businesses with ambitious management teams, the firm said. It will make equity investments of £10-20 million for majority or minority stakes in businesses across all sectors and regions of the UK.