Inflexion acquires DWS minority from Daisy Group for £1bn

The firm is investing from its Partnership Capital Fund II, which closed on £1bn. The GP looks to write equity cheques in the £10-200m range for minority stakes.

DWS will be demerged from Daisy Group with the majority of the shareholders in Daisy Group reinvesting directly into DWS.

Daisy Group is backed by Oakley Capital and has a debt package from Ares Credit Group.

Daisy began exploring strategic options for the business in September 2020, prompted by inbound interest from private equity firms, according to a report by Unquote sister publication Mergermarket.

The deal was closed in the last weeks of December 2020, according to a report by the Financial Times. The report also noted that DWS is on track to float within the next three years.

Inflexion Private Equity declined to comment.

Company
DWS generated revenues of £194.6m in the year to 31 March 2019, up from £188m in the previous year, and it generates EBITDA of around £50m. Founded in 2001 and based in Brierfield, the business provides IT, communications and cloud services.

Advisers
Equity - Alantra, James Chapman-Andrews, Andy Currie, Oliver Norman, Luke Parvin Jamie Dickson, Milan Vashi (corporate finance).
Vendor – Oakley Advisory (corporate finance).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Inflexion Private Equity
• Secondary purchase
• Minority investing