Inflexion's ITM bolts on Faraday Tracing Bureau

The transaction comes five months after Inflexion invested in the management buyout of ITM. At the time of the initial deal, Unquote understood the GP acquired a majority stake in the company and drew capital from its 2016-vintage Inflexion Enterprise Fund IV, a £250m vehicle that writes equity cheques of £10-20m.

After the buyout of ITM, Inflexion stated that it was looking to diversify the financial services IT and software company's range of products into new market verticals.

Company
Founded in 1973 and headquartered in Croydon, near London, FTB provides tracing, mortality screening, data cleansing and pension administration services.

People
Independent Transition Management - Darran Blount (CEO).
Faraday Tracing Bureau - Ian De Souza (managing director).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Portfolio management
• UK / Ireland
• Financials
• United Kingdom
• Inflexion Private Equity
• Build-up