Inflexion Private Equity has made a majority investment in Celnor, a newly established platform for testing, inspection, certification and compliance (TICC) businesses. The investment was made from the firm’s Enterprise Fund V.
This is not the firm’s first TICC investment with the Inflexion having supported consolidation through a number of successful investments in the sector. These include Phenna Group (23 acquisitions tripling headcount in an 18-month partnership), Alcumus (nine acquisitions expanding the offering and international footprint), BES Group (15 acquisitions broadening the product reach), and Cawood Scientific (three acquisition in two years).
In a press release, the firm stated that they have to (year to) date completed three acquisitions and have a strong pipeline of further opportunities it expects to complete before the year end.
