Inflexion seals 3.5x exit to MML

The firm has exited its 2006 investment in UK employment services company Optionis Group.

Inflexion Private Equity has sold UK-based employment services company Optionis Group to MML Capital, generating a 3.5x return multiple, according to a statement.

Inflexion acquired Optionis in October 2006.

Optionis provides employment services such as tax and billing payroll, to flexible workers. Under Inflexion’s ownership, workers under management increased from 5,500 to more than 12,000.

“Optionis has more than trebled in size, assisted so many flexible workers and small businesses, whilst strengthening its service capability”, Inflexion managing partner Simon Turner said in the statement.

The sale was led by Inflexion investment directors Catherine Richards and Andrew Mainwaring.

Inflexion declined to comment.  

Inflexion makes mid-market investments in sectors including business services, energy and infrastructure, healthcare and education and retail, consumer and leisure. The firm’s latest business services investments are digital media services company CableCom Networking, and CMO which makes governance, risk, compliance software. Both investments were made in October 2013, according to Inflexion’s website.

Based in London, Inflexion is led by Turner and co-founder and managing partner John Hartz. The firm also has offices in Manchester, Sao Paulo, Shanghai and Bangalore, India.