Inflexion is pleased to announce that it has supported international bolt-on acquisitions for its portfolio companies Ocorian and Global Reach, helping them to strengthen their respective geographical footprints and enhance their customer offerings. To date, Inflexion has helped its portfolio companies make over 40 international acquisitions across 19 countries.
Ocorian, a global provider of corporate, fund and fiduciary administration services, successfully completed the acquisition of Allegro, a Luxembourg based third party management company and fund administrator. Allegro has multiple regulatory licences meaning it provides comprehensive services in the alternative asset space. Together, Ocorian and Allegro will offer a one-stop-shop for fund groups so they can maximise the benefit of centralising their administration to create economies of scale. Since Inflexion’s investment in 2016, Ocorian has significantly expanded its international network and now has a strong presence in 20 key global jurisdictions.
Global Reach, a leading provider of corporate and personal foreign exchange, has expanded its international footprint into Canada, with the acquisition of key elements of Encore FX’s Canadian operation. The acquisition provides Global Reach with a presence across Canada with branches in eight locations and the opportunity to drive growth in that market using the Group’s technological expertise. In 2016, Inflexion invested in Global Reach to support the Group’s expansion plans and it now has operations in six countries, including the UK, the Netherlands, Spain, Cyprus and South Africa.