Inflexion invests in Ridgewall, backs acquisition of QDos

This is the first investment from the Inflexion Enterprise Fund V, which closed on £400m in April 2019 and writes equity tickets of £10-35m. The fund has acquired a stake of more than 75% in the company.

A buy-and-build strategy is expected to be a crucial part of Ridgewall's growth.

QDos is Ridgewall's fourth acquisition in the past year and was backed with fresh equity from Inflexion.

The combined business employs more than 100 people.

Company
Founded in 2011, Ridgewall provides IT, communications and cybersecurity services to SMEs. Headquartered in London, the company employs 46 people, according to LinkedIn.

QDos was founded in 1993 and offers telephone systems, IT systems, hospitality software, off-premises hosting, structured data cabling, guest internet services, helpdesks, technical support and field engineering services to the hospitality industry. The company is based in Ipswich and operates an office in the US.

People
Inflexion Private Equity – Ben Long (partner); Richard Wootten (assistant director); Alice Lawson, Melanie Campbell (investment executives).
Ridgewall – Dominic McAnaspie (CEO).

Advisers
Equity – BDO (corporate finance, financial due diligence, tax); Grant Thornton (commercial due diligence); Trowers Hamlin (legal).

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• Topics
• Buyouts
• UK / Ireland
• Technology
• United Kingdom
• Buy-and-build
• Build-up
• Inflexion Private Equity