Inflexion backs Calco in MBO

A spokesperson for Inflexion confirmed that a majority stake was acquired by the GP. The fund used for the transaction was the £650m Buyout Fund IV.

The vehicle provides equity tickets in the £15-75m range, according to Unquote Data. When launched in May 214, it was said that the vehicle would mostly target UK mid-market firms.

The Calco deal is Inflexion's first investment outside of the UK - although the firm's portfolio companies have made a number of bolt-ons abroad.

Inflexion completed two deals in the UK last month, backing the graphics service provider for live sports broadcasts Alston Elliot and pet suppliments maker Lintbells. Both investments were made through Inflexion’s Enterprise Fund IV vehicle.

Company
Founded in 2004, Calco is a provider of outsourced IT recruitment and training services to corporates, specifically focused on the provision of junior professionals to the finance and insurance sectors. More recently, Calco has entered into new industry segments such as consumer goods, telecoms, energy, logistics and healthcare. It aims to continue expanding into these newer markets.

The company currently employs 475 people and claims it has helped 500 professionals to start a career in IT since its establishment. The firm is headquartered in Maarssen, the Netherlands, and is currently opening a second office in Frankfurt, Germany.

People
Inflexion - John Hartz (managing partner).
Calco - Kelly Grooteman (CEO); René Scholten (founder).

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• Topics
• Buyouts
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• UK / Ireland
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• Inflexion Private Equity