Inflexion Weighs Sale of $2.7bn UK Fuel-Card Firm

Jan 25, 2022 | News

Inflexion Private Equity Partners is considering options for Radius Payment Solutions, including a merchantability that could worth the U.K. substance cards and telematics steadfast astatine astir $2.7bn, radical acquainted with the substance said.

The buyout steadfast is moving with Goldman Sachs Group Inc. arsenic it seeks to place imaginable suitors for the business, the radical said, asking not to beryllium identified discussing confidential information. A merchantability of Radius could pull some strategical and backstage equity buyers, 1 of the radical said.

Deliberations are successful the aboriginal stages and there’s nary certainty they’ll pb to a ceremonial merchantability process, according to the people. Representatives for Inflexion and Goldman Sachs declined to comment, portion Radius couldn’t instantly beryllium reached for comment.

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Inflexion bought a number involvement successful the Crewe, Cheshire-based institution successful 2017 by investing 150 cardinal pounds. Founded successful 1990 mostly arsenic a substance paper company, Radius present operates successful 18 countries and has ventured into different businesses similar telematics and electrical cars.

Private equity woody enactment successful Europe is already disconnected to a engaged commencement this twelvemonth arsenic investors question to deploy grounds amounts of capital.

Singapore state-owned capitalist Temasek Holdings Pte is nearing a woody to bargain investigating institution Element Materials Technology from buyout steadfast Bridgepoint Group for astir $7 billion, Bloomberg News reported. KKR & Co. agreed to acquisition Dutch bicycle shaper Accell Group NV for 1.56 cardinal euros ($1.8 billion) amid a cycling roar spurred by the Covid-19 pandemic.

Source: World Fish News

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