Inflexion has made a minority investment in Auxadi, a Spanish tech-enabled, corporate services business. Auxadi provides a range of outsourced services including accounting, tax, payroll and related administration. The investment is being made by Inflexion’s dedicated minority investment fund, Partnership Capital II, and is Inflexion’s first investment in Spain following other successful investments in Europe.
Auxadi is the largest independent provider of corporate services operating in the Iberian Peninsula and Latin American markets. Headquartered in Madrid with a further 16 international subsidiaries, Auxadi has 500 customers across 50 countries, including leading real estate and private equity funds as well as major multinational corporates.
Inflexion is well positioned to help Auxadi realise its ambitious growth plans, given its long experience and deep understanding of the sector. Inflexion will utilise its experience to support the company’s growth via M&A and geographic expansion.
Victor Salamanca Jr. CEO, Auxadi, says: “We are excited to be partnering with Inflexion as we embark on a new chapter in our company’s history. We knew as soon as we met Inflexion that it was the right partner to support our growth due to the team’s impressive knowledge of the sector, proven transactional skills and global presence. We look forward to working closely with the Inflexion team to expand our businesswhilst continuing to provide a best-in-class service to our existing clients.”
Simon Turner, Managing Partner, Inflexion, adds: “Auxadi has built a leading, fast growing business with an impressive client base and a market-leading technology suite. The company is well placed to expand in current markets and new territories and Inflexion have the right tools and resources to help the team achieve their ambitions plans. We are delighted to be to be partnering with Auxadi to support the next stage of the company’s already impressive journey.”
