Inflexion is delighted to reflect on a record year which saw 10 new investments, nine exits, its largest fund raised since inception and the enhancement of its value acceleration team and ESG framework.
Inflexion made 10 new investments across its three fund strategies in 2022 including five new Buyouts; three investments from its dedicated minority equity strategy Partnership Capital, and two new investments from its Enterprise Fund which caters to the lower mid-market. Inflexion has now backed over 100 businesses since its inception in 1999.
In addition to these 10 new investments, during the year Inflexion supported its portfolio companies make 35 add-on acquisitions made across 10 countries.
Inflexion also delivered nine exits during 2022, taking firm’s total exits since inception to 52. These exits collectively delivered gross returns of 4.2x and 45% IRR, returning over £1.6bn of proceeds to Inflexion investors. Average EBITDA growth across the nine exits was 173% during Inflexion’s investment period.
£2.5 billion Fund VI
Inflexion Buyout Fund VI closed in March 2022 at its hard cap of £2.5bn, marking Inflexion’s largest vehicle ever and reflecting investors’ conviction in the firm’s ability to continue delivering superior returns. The fundraise was strongly supported by existing investors with 70% increasing their commitment and a re-up rate of 100%.
Inflexion further strengthened its ESG framework signing the United Nations Global Compact and formalising its commitment to the UN Sustainable Development Goals, whilst also joining the Institutional Limited Partners Association (ILPA)’s Data Convergence Project.
In 2022 Inflexion made 37 new appointments across all areas of the firm including Henrik Nordman who joined as an Investment Director bringing significant experience across Europe and the Nordics with a focus on business services. George Collier, Andrew Stevens and Edd Lynch were promoted to Partner and Sergio Ferrarini was appointed head of the Technology investing team.
Inflexion’s success is based on a proven investment strategy of backing high-growth, high-margin businesses led by ambitious leadership teams. Their growth plans are supported by Inflexion’s experience and dedicated value acceleration team which focus on M&A, international expansion, digital enhancement, talent development, commercial strategy and ESG. All investments, whether minority or majority and regardless of size, have full access to this invaluable resource.
Inflexion’s experience, gained over two decades across economic cycles, makes it extremely well placed to address the growing private equity market opportunity in the UK and Europe as an adverse backdrop creates challenges and opportunities alike.
Behind every success since our 1999 launch are the tremendously ambitious and impressive people we partner with across our team, portfolio, advisory community, and investors, and we are grateful to all of them. In that time we have learned that flexibility is the key to resilience and thus success, and this will be incredibly important as we work with leadership teams to navigate the year ahead.