Inflexion
Menu

Sanne

Fund administration business Sanne partnered with Inflexion in October 2012 to fund consolidation and global growth. The business listed on the London Stock Exchange in March 2015 with a market capitalisation of £250m, generating a 4.0x return on investment.

  • Sector

    Business services

  • Headquarters

    Jersey, UK

  • Fund

    Partnership Capital

  • Investment date

    October 2012 - March 2015

  • Status

    Realised

The company

Jersey-headquartered Sanne delivers effective corporate governance, high quality financial reporting and responsive administration services to a broad institutional customer base. Established over 25 years ago, Sanne employs around 300 people globally and has over €40bn in assets under administration. Sanne delivers services to its international customer base through its office network in the Channel Islands, Luxembourg, London, Dublin, Dubai, Hong Kong, Singapore and Shanghai.

The Inflexion investment

Inflexion provided minority capital to the business in October 2012, supporting the acquisition of the capital markets corporate business of State Street Jersey Limited.

The Inflexion difference

During our involvement we supported two acquisitions from State Street, both of which added considerable scale, international reach and profitability to Sanne.

Inflexion encouraged management to invest in highly skilled people, adding further strength to the team. During our partnership, headcount in the business grew by over 80%. Sanne drew support from Inflexion’s international teams in India and China to explore growth opportunities within those local markets; the business also expanded its footprint opening an office in Singapore. Between 2012 and 2014 the company generated revenue growth of 38% CAGR and EBITDA growth of 45% CAGR.

Press releases