Inflexion invests £41m in LCP

The investment, which gives the company a valuation of £128m, will support the buyback of Alexander Forbes' stake in LCP. It will also enable the firm to invest in marketing and the development of new services.

Capital for the transaction was drawn from Inflexion’s 2014-vintage £400m Partnership Capital Fund I.

As part of the deal, Inflexion’s head of partnership capital, David Whileman, and investment director Phillip Edmans will take a seat on the LCP board.

Company
Founded in 1947, London-headquartered LCP is a financial consultancy that specialises in pensions, investment and insurance. Its clients include businesses, trusts and charities. According to publicly available records, the company generated revenues of £86.2m in the year ending March 2016, with an operating profit of £42.3m.

People
Inflexion Private Equity – David Whileman (head of partnership capital); Phillip Edmans (investment director); Edward Lynch (assistant director).

Advisers
Equity – Addleshaw Goddard (legal).

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• Topics
• Expansion
• UK / Ireland
• Financials
• United Kingdom
• Inflexion Private Equity