Showing page 1 of

Inflexion invests in PMC Treasury to accelerate growth

Inflexion Private Equity is pleased to announce that it has invested in PMC Treasury (“PMC”), an independent provider of treasury and risk management solutions. The transaction sees Inflexion take a substantial minority stake in the business, with management re-investing as part of the deal. The investment is being made by Inflexion Enterprise Fund IV, Inflexion’s dedicated lower mid-market fund.

Founded in 1989, PMC provides operational treasury and risk management solutions globally to corporate clients, private equity and infrastructure funds and their portfolio companies from its main offices in London, New York and Singapore. The business employs 30 people and additionally draws on 45 independent consultants across PMC’s offices serving over 1,100 clients globally.

PMC operates in a substantial global market worth an estimated £1 billion, underpinned by growing demand for risk management and treasury services from institutional investment managers. These managers have around $1.8 trillion collectively available to invest and increasingly seek out independent advice to optimise returns.

Simon Turner, Managing Partner of Inflexion, commented: “PMC is a well respected business led by an outstanding management team in a growing market. We look forward to working closely with the experienced team led by Kevin Cooke to help the business expand further in Asia and the US. Together we will also assess opportunities to acquire new clients through new segments and potential acquisitions.”

Kevin Cooke, CEO of PMC, said: “To have attracted a firm as experienced as Inflexion is testament to the reputation we have built in providing independent and impartial advice to the financial sponsor community. Inflexion’s in-country presence in key global markets combined with recent, relevant experience in our sector makes them an excellent fit for our growth plans. We look forward to drawing on their expertise to create a global business of scale within the treasury and risk management sector.”

The Inflexion deal team comprised of Andrew Mainwaring, Abhishek Majumdar and James Stevens. Yagnish Chotai, a senior adviser to Inflexion, has been appointed Non-Executive Chairman of PMC.