
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).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater