Inflexion, a European mid-market private equity firm, has held the final close of Inflexion Enterprise Fund VI at its hard cap of £975 million. The fundraising was completed in less than five months and is more than double the £400m raised for the firm’s predecessor fund.
Focused on the lower mid-market, the new fund follows the same strategy employed by Inflexion for over 25 years, backing “high growth, entrepreneurial businesses with ambitious management teams and working in partnership with them to accelerate growth”.
To date, the Enterprise Funds have delivered a realised track record of 4.4x gross multiple and 42% gross IRR, with the strategy delivered successful exits including Automotive Transformation Group, DR&P, Goat, Lintbells, and Virgin Experience Days.
Enterprise Fund VI will typically invest in businesses valued up to £150m, taking both majority and minority stakes across Inflexion’s core sectors of Business Services, Technology, Healthcare, Industrials, Consumer and Financial Services.
Enterprise Fund VI was raised almost exclusively from Inflexion’s existing investor base of blue-chip institutions from across US, Europe, Asia and the Middle East, with investors on average more than doubling their commitment versus the previous vintage.
The Fund is an Article 8 fund under the EU’s Sustainable Finance Disclosures Regulation, promoting environmental or social characteristics and integrating sustainability risks.
The Enterprise Fund is a core part of Inflexion’s mid-market solution which, together with the Buyout Fund and Partnership Capital Fund, allows the firm to provide a range of bespoke funding solutions addressing the full spectrum of the European mid-market.
