Inflexion, a leading European mid-market private equity firm, is delighted to announce that it supported 60 acquisitions for its portfolio across 12 countries and six continents in 2024, helping to drive value and accelerate sustainable growth in the UK and internationally. The M&A represents a combined enterprise value of £900m and equates to acquired revenue of £450m.
Acquisitive growth has been a key value acceleration strategy for Inflexion since inception, with over 500 completed in the last 25 years and a fifth of them taking place internationally across more than 30 countries. Other proven value drivers include digital enhancement, 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 2024 spanned all three fund strategies, with select acquisitions including:
Buyout Fund
- Ocorian, a fund, corporate and trust services business, acquired Bovill in 2024 with operations in UK, USA, Singapore, and Hong Kong. Inflexion’s investment has been supporting Ocorian to become a global leader of scale and has included 13 acquisitions, including the transformational purchase of Estera
- Dss+, a specialist provider of safety-focused operations management consulting services, made two acquisitions in the year, including Infradata, with operations in the UK, US, Colombia, Spain, Ireland, and Canada
- BES Group, a leading testing, inspection, certification and compliance business, completed two acquisitions to further enhance its offering during the year, making 18 in total since Inflexion invested
- Rosemont Pharmaceuticals, the UK’s leading liquid pharmaceuticals specialist, acquired businesses in the US and Greece respectively in 2024, helping to broaden its offering and international reach
Partnership Capital
- Aosphere, a legal and compliance information subscription platform, acquired BRP in Switzerland in its first year of independence since receiving strategic investment from Inflexion alongside aosphere parent Allen & Overy and US-based investor Endicott Capital
- YER, a Netherlands-based specialist secondment and recruiting agency, made two acquisitions in its target market of Germany, with StaffXperts and Avantegarde helping to expand its geographic footprint
Enterprise Fund
- DR&P, a specialist commercial insurance broker, completed two acquisitions, bringing to 13 acquisitions completed since Inflexion’s 2021 investment
- Celnor, a platform for testing, inspection, certification and compliance businesses established by Inflexion and the leadership team during 2023, completed its 14th acquisition in 2024
- TC Group, which provides accountancy and taxation services to SMEs, acquired 15 businesses in 2024, including one in South Africa
Acquisitions can yield a step-change in a company’s growth trajectory, and so we have always had a strong focus on supporting transformative portfolio M&A. A carefully executed acquisition programme can help a business to consolidate its market, expand its footprint, gain scale, and improve its offering, which we can support by providing the funding and expertise to promote a successful process.
