Inflexion-backed Radius acquires Burley

Burley plans to expand sales operations and its product range following the transaction.

Inflexion acquired a majority stake in Radius for £150m in 2017, drawing capital from its £400m Partnership Capital Fund I. The deal reportedly valued the company at £800m. Radius's turnover grew to £2.5bn in 2019.

Inflexion did not inject additional equity to finance the acquisition of Burley.

In October 2018, Radius acquired mobile and fixed-line communications service Adam Phones and announced the acquisition of telematics company Sure-Track on 1 November 2019. This acquisition is intended to expand Radius's insurance division.

Company
Established in 1953 and headquartered in Sheffield, Burley offers insurance for fleet services, property and the transportation sector.

People
The Burley Group – Matthew Mawson (managing director).

Advisers
Acquirer – BDO (financial due diligence, tax); Gowling WLG (legal).
Company – KPMG (corporate finance); Foys (legal).

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• Topics
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• Inflexion Private Equity