Inflexion acquires £150m stake in Radius

The company's CEO, Bill Holmes, will remain its largest shareholder following the transaction.

The deal values the company at £800m. Inflexion drew capital for the transaction from its 2014-vintage £400m Partnership Capital Fund I. The fund recently acquired a minority stake in technology consultancy K2 Partnering Solutions.

Radius has undertaken an international growth strategy over the last 13 years, opening offices in Belgium, the Netherlands, Portugal, Spain, Italy, Sweden, Germany, France, Malaysia and Singapore. It has also made 30 acquisitions since its inception. The business will continue to pursue a similar growth strategy under its new ownership model.

The transaction is expected to complete in early 2018, subject to regulatory approval. It is the 11th deal made by Inflexion in 2017 and unquote" understands it is its largest ever to date.

Company
Founded in 1990 and headquartered in Crewe, Radius is a provider of fuel cards to logistics companies and businesses that operate fleets of vehicles. It has also recently entered into the telematics space and offers insurance-related products to its customers. The business operates from 19 offices in 14 countries and has a headcount of around 1,000.

People
Inflexion Private Equity – David Whileman (head of partnership capital); Josh Kaufman (investment director); Edward Lynch (assistant director); Nick Rosenberg (investment executive).
Radius Payments Solutions – Bill Holmes (CEO).

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• UK / Ireland
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• Inflexion Private Equity