Inflexion supports 41 acquisitions for portfolio in 2023
Inflexion is delighted to announce that it supported 41 acquisitions for its portfolio across six countries in 2023, helping to drive value and accelerate sustainable growth in the UK and internationally.
Acquisitive growth has been a key value acceleration strategy for Inflexion since inception, with over 460 completed across more than 30 countries in the last 25 years. Other proven value drivers include digital transformation, international expansion, commercial effectiveness, talent management and sustainability focus. Every business backed by Inflexion, whether a buyout or minority partnership, has access to our support in these areas. On average, the companies we partner with grow their revenues by 20% p.a. and more than double their headcount during the period of our investment.
Portfolio M&A supported by Inflexion in 2023 spanned all three fund strategies:
Buyout Fund
K2, a specialist ERP and cloud human capital resourcing business, completed two acquisitions to enhance its geographic footprint in the US and Asia, with the purchases of Openlogix and Aquient respectively
Ocorian, a fund, corporate and trust services business, acquired A-pass in Hong Kong. Since Inflexion’s investment Ocorian has been highly acquisitive as it creates a global leader of scale, including the transformational purchase of Estera. In total Ocorian has completed 12 acquisitions since Inflexion invested, broadening the company’s offering and footprint substantially
Astrak, a global specialist distributor of undercarriage and wear parts for construction equipment, acquired Frillesås Bil & Traktor in Sweden
BES Group, a leading testing, inspection, certification and compliance business, completed six acquisitions enhancing its product and service offering. In total BES has completed 16 acquisitions since Inflexion invested
Partnership Capital
Alcumus, a global market leader in technology-led risk management and compliance solutions critical to worker protection, acquired two businesses in the UK during the year, citrus HR and Planet Mark
EcoOnline, a leading ESG software provider, acquired Econometrica
Enterprise Fund
DR&P, a specialist commercial insurance broker, completed four acquisitions, continuing its strong acquisitive growth with nine acquisitions completed since Inflexion’s investment
Celnor, a platform for testing, inspection, certification and compliance businesses established by Inflexion and the leadership team during 2023, has completed nine acquisitions to date
TC Group, which provides accountancy and taxation services to SMEs, acquired four businesses in the first year of Inflexion’s investment
Growing through acquisition is a key part of our value acceleration strategy, and can step-change a company’s growth, whether consolidating the market, expanding its geographic footprint or strengthening its product or service offering. We bring our experience to bear in all areas of this core value acceleration strategy as we look to drive the continued growth of our portfolio in their home market and overseas.
