Inflexion buys minority stake in Auxadi

This is the first deal made by the GP in Spain.

Inflexion intends to boost Auxadi's growth via additional acquisitions and geographic expansion.

The GP invested in the business via its minority-dedicated fund, Partnership Capital II, which closed on £1bn in May 2018.

In addition to this vehicle, the firm is currently deploying Enterprise Fund V, which closed on £400m in April 2019; and its Buyout Fund V, which held a final close on £1.25bn in May 2018. 

Inflexion is based in London and invests equity tickets in the £10-250m range to acquire both majority and minority stakes in businesses operating in a wide range of sectors. The firm has total assets under management of around £5.4bn.

Company
Established in 1979, Auxadi provides outsourced accounting, payroll and tax services to 500 customers across 50 countries, including real estate and private equity funds, as well as multinational corporations.

The company is headquartered in Madrid, with 16 international subsidiaries and a strong presence in Latin America and the US.

People
Inflexion – Simon Turner (managing partner).
Auxadi – Victor Salamanca (CEO).

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• Topics
• Expansion
• Southern Europe
• Support services
• Inflexion Private Equity
• Spain