Inflexion Private Equity has led the £12m management buyout of Tekton Group, the fastest growing Enterprise Resource Planning software provider to the UK construction and house building industries. The buyout also includes the simultaneous complementary acquisition of SiteStream Ltd. Inflexion-managed funds have invested £4.6m accompanied by £5.3m of debt facilities provided by HSBC Manchester.
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater