Inflexion invests in PMC Treasury

The GP drew capital from its lower-mid-market vehicle Inflexion Enterprise Fund IV to finance the transaction. The fund typically writes equity cheques of £10-20m for both majority and minority stakes.

Following the deal, PMC will pursue expansion in the US and Asian markets and will consider potential bolt-on opportunities.

As part of the deal, Yagnish Chotai, a senior adviser to Inflexion, has been appointed as non-executive chairperson at PMC.

Company
Founded in 1989, London-headquartered PMC Treasury provides treasury and risk management services to corporate clients, private equity firms and infrastructure fund managers. The business has additional offices in New York and Singapore. It has a total headcount of 30 and works alongside an additional 45 independent consultants.

According to publicly available documents, PMC's parent company, Kilmacow, generated an operating profit of £3.8m from a turnover of £12.1m in the year ending in April 2017, up from £1.3m and £7.4m respectively year-on-year.

People
Inflexion Private Equity – Andrew Mainwaring (partner); Abhishek Majumdar (assistant director); James Stevens (investment executive).
PMC Treasury – Kevin Cooke (CEO).

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