Inflexion acquires 40% stake in Auxadi
Private equity firm Inflexion has closed its first transaction in Spain with the purchase of a 40 per cent stake in consultancy firm Auxadi.
John Hartz (top, left), Simon Turner (top, right) and Victor Salamanca Cuevas
The acquisition was made via the Inflexion Partnership Capital Fund II.
Auxadi will use the funds raised to develop its growth and international expansion strategy. The entry of Inflexion will also involve a reshuffle of the board to prepare for international growth, which will be led by CEO Victor Salamanca Cuevas.
Salamanca Carrasco was the founder of Auxadi and will continue as president. The acquisition of a stake by Inflexion follows a €16 million financing Auxadi recently agreed with BBVA to continue its growth and develop its technological platform.
The company's plans include doubling the size of the business through organic growth and “strategic acquisitions”.
Auxadi was advised by Allen & Overy and PwC. Inflexión was advised by Latham & Watkins, Bain&Co, Duff & Phelps and EY.
Inflexion, founded in 1999 by John Hartz and Simon Turner, has £5.4 billion under management – it has offices in the UK, USA, Brazil, China and India. It takes majority and minority positions when investing and invests between £10 million and £250 million in businesses.
The European Commission’s approval of the copyright directive in April threw more gas on the fire. In a few years, the internet has become – among other things – the main market fo...
The long-serving boss of Cobepa, Jean-Marie Laurent Josi talks about the business model of a Belgian investment firm that is trusted by major European families, one which marries t...
Since the last half of 2008, it is no longer possible to conceal the term ‘crisis’. New paradigms have become apparent and structural changes are predicted. Indeed mar...