Inflexion completes €170m take-private deal for Infront

The company, which has a market capitalisation of NOK 1.72bn (€170.2m), will be de-listed from the Oslo Stock Exchange shortly after the acquisition.

The GP first announced its plans in December 2020. In January this year, it offered NOK 1.49bn (€143m) to wholly acquire the company and, in March, increased its offer to NOK 1.72bn (€170m), which was accepted by its shareholders. 

Inflexion said it will support the company to expand its existing product offering and geographical reach, while also supporting the management to accelerate their M&A strategy and achieve synergies from recent acquisitions. 

The founders of Infront, CEO Kristian Nesbak and chief information officer Morten Lindeman, will reinvest a portion of their proceeds alongside the GP. 

Inflexion is investing from Inflexion Buyout Fund V (which held a final close in 2018 on its hard-cap of £1.25bn) and Supplemental Fund.

Company
Headquartered in Oslo, Infront is a provider of data and software to financial institutions to manage investment decisions, reduce costs and comply with changing market requirements.

The company has 500 employees across 13 countries in Europe and South Africa. It reported €3.3m in revenues in 2020.

People
Inflexion – Simon Turner (managing partner).
Infront – Kristian Nesbak (CEO).

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