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Inflexion sells VCT management contract to focus on buy-out activity

After successfully closing its £165m buyout fund, Inflexion has decided to focus its operations on its core buy-out activities. In co-operation with the board of Guinness Flight VCT plc, Inflexion assessed a number of potential managers for the £19.1m venture capital trust and recommended Aberdeen Asset Managers Ltd as the successor to manage the trust. Accordingly, Aberdeen will be taking over the management contract with immediate effect.