2023 was a strong year on multiple levels for Inflexion, with 10 new investments and eight realisations returning a combined £1bn to investors. The firm also continued its European expansion with the opening of a new office in Stockholm covering the Nordic region.
10 new investments
Inflexion made 10 investments across its three fund strategies in 2023 including three new Buyouts, three investments from its dedicated minority equity strategy Partnership Capital, and four new investments from its Enterprise Fund which caters to the lower mid-market.
In addition to these new investments, Inflexion supported its portfolio companies to make 40 add-on acquisitions across six countries during the year.
During the year Inflexion also delivered eight realisations across all three fund strategies, with a total of £3.9bn returned over the past three years. The 2023 exits collectively delivered gross returns of 2.9x and an average IRR of 20% with average EBITDA growth of 82% during Inflexion’s investment period.
Buyout Fund 2010 completed its final exit delivering an overall net IRR of 25%, making it a top decile fund for its vintage.
Inflexion continued its European expansion with the opening of a new office in Stockholm covering the Nordics market. The opening of the regional office is a natural progression for Inflexion given the existing investments in the region including Nomentia, Infront, Nordic Trustee, Wood Thilsted and ELCG.
In 2023 Inflexion made three new appointments across all areas of the firm, with five promoted to partner. Ensuring the team remains well-resourced is a key focus for Inflexion as it looks to address the growing opportunity it sees in the UK and Europe.
Inflexion’s experience, gained over a quarter century and across multiple economic cycles, makes it extremely well placed to transact in today’s backdrop. Its family of funds allows it to provide flexible funding to businesses of various sizes, whether looking to sell a majority or minority stake.
Inflexion’s success is based on its proven investment strategy of backing high-growth, high-margin businesses led by ambitious leadership teams and supporting their growth plans with a sizeable value acceleration team. All investments, regardless of size or stake, have full access to this resource, which includes support for M&A, international expansion, digital enhancement, sustainability focus, commercial strategy and talent development.