Inflexion sells Griffin Global Group
Inflexion Private Equity is pleased to announce the sale of its Partnership Capital investment in Griffin Global Group, the global provider of specialist travel solutions for the marine and offshore industries. Inflexion has successfully sold the business to ATPI, one of the world’s leading travel management companies.
Inflexion’s minority investment facilitated the integration of Griffin’s federal, international structure. Through a series of transactions Inflexion helped Griffin’s management team create an integrated multinational company with a single executive board operating in 22 countries and employing over 750 people. Working with Inflexion, Griffin substantially enhanced its core technology platform, increased its offshore market share and developed an innovative new service. In support of management’s succession strategy, Inflexion also used its extensive network to help source a new Executive Chairman and worked with the existing team to create the right management team for the future.
Simon Turner, Managing Partner at Inflexion said “We are delighted that our minority investment in Griffin facilitated such dynamic results. Griffin’s global reach and highly skilled workforce are a highly complementary addition to ATPI’s operations. We wish the team every success in the future.”
Simon Morse, Executive Chairman at Griffin said “Inflexion has been a supportive and committed investment partner, assisting in Griffin’s consolidation, professionalisation and international expansion. We have created a strong global platform from which to continue to expand the business.”
The sale process was led by Gareth Healy.