Inflexion invests in DR&P Group
Inflexion has acquired a majority stake in UK-based insurance broker DR&P Group.
The GP is deploying equity via Inflexion Enterprise Fund V. The vehicle makes investments in UK-based lower-mid-market companies, deploying equity tickets of £10-35m.
The GP said in a statement that it intends to support DR&P's management team in continuing its growth plan for the business.
Inflexion has previously made a number of investments in the insurance sector. The firm sold insurance broker Bollington Wilson to trade in January 2021 after an investment period of three years, netting a 5x money multiple and IRR of 50%.
Company
Founded in 1977 and headquartered in Southport, DR&P is an insurance broker focusing on corporate clients in sectors ranging from manufacturing to retail and offices. The firm also offers personal insurance services, including home and travel insurance.
People
Inflexion – Carl Wormald (partner); Matt McKinlay (assistant director); Nick Davies (investment executive).
DR&P Group – John Page (group CEO).
Advisers
Equity – Dow Schofield Watts (corporate finance); DWF (legal).
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