Inflexion acquires minority stake in K2

The investment will enable K2 to recruit a new chairperson, increase the size of its sales team, expand internationally and invest in product development.

Following the deal, Inflexion investment directors Andrew Mainwaring and Josh Kaufman will take a seat on the K2 board.

Financial details of the transaction remain undisclosed, though capital for the transaction was drawn from Inflexion's 2014-vintage £400m Partnership Capital Fund I, which provides equity tickets in the £15-75m range.

The deal is the fourth investment made from the vehicle in four months. Most recently, it acquired a minority stake in UK veterinary clinics operator Medivet Partnership.

Company
Founded in 1997 and headquartered in London, K2 provides outsourced consultants to the technology sector. It focuses on sectors including data management and analytics, enterprise cloud services, artificial intelligence, cybersecurity and robotics.

K2 has additional operations in Spain, France, Switzerland, Germany, the US, Russia, Australia, Japan, China, Colombia, Mexico, Brazil and Singapore. According to publicly available documents, the company made an EBIT loss of £565,000 in 2015 with revenues of £26m.

People
Inflexion Private Equity – Andrew Mainwaring, Josh Kaufman (investment directors); Fabrizia Rizzi (investment executive).
K2 Partnering Solutions – Antonio Gulino (CEO).

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