Carey Olsen advises Inflexion on double fundraise of £2.25 billion

30 May 2018

Inflexion Private Equity Partners has continued its long association with the Guernsey funds sector with the establishment of two funds which have secured commitments of £1.25 billion and £1 billion respectively.

Carey Olsen's corporate team in Guernsey advised Inflexion on the establishment of Inflexion Buyout Fund V and Inflexion Partnership Capital Fund II. Both funds were oversubscribed and reached their respective hard caps within just four months of launch, after receiving strong support from existing investors and attracting new investors from the US, Europe and Asia.

Both funds will follow the same strategy as Inflexion's previous funds, investing up to £200 million in fast-growing, entrepreneurial businesses with strong profit margins and led by ambitious management teams. Inflexion Buyout Fund V will make majority investments, while Inflexion Partnership Capital Fund II will make minority investments. Inflexion has been using Guernsey as a domicile since 2010.

Led by Partner Andrew Boyce and Senior Associate John Scanlan, Carey Olsen worked alongside onshore legal adviser Ashurst to advise longstanding client Inflexion on the formation of both Guernsey-domiciled funds.

Established in 1999, Inflexion is one of the leading private equity investors in the UK mid-market. It currently has a portfolio of 35 companies, employing more than 10,000 people with operations in 70 countries.