Inflexion reaps 7x money on CP Electronics trade sale

According to a source familiar with the situation, Inflexion made a 7x money multiple, exiting the business after a two-year holding period.

The transaction was led by Inflexion investment director Malcom Coffin.

Previous funding
In January 2014, Inflexion acquired a majority stake in the business. During the holding period, the company boosted its sales strategy with a focus on the UK market and expanded its business internationally, according to Inflexion.

According to a statement, during Inflexion's ownership the company posted a 40% growth in revenues and a 35% increase in headcount.

Company
Established in 1970, CP Electronics offers a range of energy-saving products for lighting, heating and ventilation systems.

The company is headquartered in London and employs 180 people. The most recent figures suggest the company generated £23.8m of revenues in 2015.

People
Inflexion – Simon Turner (managing partner); Malcom Coffin (investment director).
CP Electronics – Marcus Martin (CEO).

Advisers
Equity, company – Catalyst Corporate Finance (corporate finance); Jones Day (legal).

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• Topics
• Exits
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• UK / Ireland
• United Kingdom
• Trade sale