Inflexion exits Bollington Wilson to trade

The transaction is expected to close by the end of Q1 2021 and is subject to competition authority approval.

The GP generated returns of 5x money and 50% IRR on the sale, market sources told Unquote. The deal values the company at almost £250m.

Inflexion acquired Bollington Insurance Brokers and Wilson Insurance Brokers in November 2017, merging them to form Bollington Wilson. Inflexion invested via Inflexion Buyout Fund IV which held a final close ion £650m in 2014 and deploys equity tickets of £15-75m. Bollington Wilson is the first realisation from the fund, according to Unquote Data. The deal was backed by debt from Permira, who acted as the sole senior secured lender in the buyout, according to a statement from Permira issued in 2018.

Bollington Wilson made a number of add-ons during the investment period, including Bolton-headquartered Watson Laurie in August 2020, which was the company's fourth add-on of 2020, CEO Paul Moors told Unquote sister publication Mergermarket in September 2020.

Inflexion sold financial consultancy Lane Clark & Peacock to Charterhouse in December 2020, generating returns of 3x money.

Company
Manchester-based Bollington Wilson was formed in 2017 via the merger of Bollington Insurance Brokers and Wilson Insurance Brokers. The combined companies reported total revenues of £27.2m and employed 240 people in 2016, according to Unquote Data. The business reported revenues of £34.4m in 2018 and now employs around 400 people.

People
Inflexion – Simon Turner (managing partner).
Bollington Wilson – Paul Moors (CEO).

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• Topics
• Exits
• UK / Ireland
• Financials
• Trade sale
• United Kingdom
• Inflexion Private Equity