Carey Olsen has advised on the establishment of two new Guernsey-domiciled funds, Inflexion Buyout Fund IV and Inflexion Partnership Capital I, securing commitments of £650m and £400m respectively on behalf of Inflexion Private Equity Partners LLP.
Led by partner Andrew Boyce and senior associate James Stockwell, Carey Olsen worked alongside onshore legal advisor Ashurst in the formation of the new private equity funds, which closed within five months of launch.
The funds follow on from the success of a number of previous schemes and were, once again, oversubscribed and included investments from a high quality and diverse group of LPs. The backers include blue chip companies from the US, Asia and the Middle East and a large number of repeat investors.
Inflexion Buyout Fund IV will take majority stakes in investee companies while Inflexion Partnership Capital I will take minority stakes in investee companies. Both will follow the same strategy as Inflexion’s previous funds, investing in and partnering with high growth, entrepreneurial businesses led by ambitious management teams.
Established in 1999, Inflexion is one of the leading private equity investors in the UK mid-market. In 2010 Carey Olsen advised the company on the establishment of its Inflexion 2010 Buyout Fund and in 2012 Carey Olsen advised on the establishment of its Inflexion 2012 Co-Investment Fund.
Andrew Boyce said: “The success of the next generation fundraising emphasises Guernsey's continued premier position as a PE domicile of choice and Inflexion's impressive pedigree in this market."