03 June 2016

Carey Olsen advises Inflexion on double fundraising

Inflexion Private Equity has secured commitments of £250 million at the first and final close of two new funds, Inflexion Enterprise Fund IV and Inflexion Supplemental Fund IV, with support from Carey Olsen’s corporate team.

Both funds reached their hard caps in a single closing within eight weeks of launch, securing investments from Inflexion's existing investors in Europe, the US and Asia.

Carey Olsen's team, comprising partner Andrew Boyce and senior associate James Stockwell, acted for longstanding client Inflexion alongside administrators to both funds, SANNE.

The enterprise fund will invest in businesses in all sectors following the same strategy that Inflexion has successfully employed for 17 years. The supplemental fund will invest alongside two other existing Inflexion funds launched in 2014 with advice from Carey Olsen, Inflexion Buyout Fund IV and Inflexion Partnership Capital Fund I.

Advocate Boyce said: "The successful closing of these two new funds after just eight weeks of fundraising emphasises Inflexion's strength in the UK mid-market and underlines the attractiveness of Guernsey as a private equity fund domicile."

Director in SANNE’s Private Equity business division, Matt Wood, said: "Inflexion's continued confidence in Guernsey is well-placed and a positive sign. Guernsey's ability to provide all the necessary services to a high standard is a real attraction to firms like Inflexion so we are pleased to be able to provide both funds with administration, FATCA services and AIFMD reporting."

Managing partner at Inflexion, Simon Turner, said: “We greatly appreciate the strong support of our investors and can now offer equity investment from £10m to £100m, expanding our coverage of the highly attractive UK mid-market. We are delighted that we can support the widest possible range of high growth, entrepreneurial businesses, offering unparalleled flexibility in the mid-market, combined with genuine support to ambitious teams.”