Secondary Buyout • Transportation

Inflexion Acquires Reed & Mackay

On August 5, 2016, private equity firm Inflexion acquired transportation company Reed & Mackay from ECI Partners and Livingbridge

Acquisition Context
  • This is Inflexion’s 1st transaction in the Transportation sector.
  • This is Inflexion’s 40th transaction in the United Kingdom.
Investment Fate
  • Reed & Mackay was sold to a strategic buyer in 2021.

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M&A Deal Summary

Date August 5, 2016
Target Reed & Mackay
Sector Transportation
Buyer(s) Inflexion
Sellers(s) ECI Partners
Livingbridge
Deal Type Secondary Buyout

Target Company

Reed & Mackay

London, United Kingdom
Reed & Mackay delivers corporate travel and event solutions for professionals with exacting needs. Established as a family business nearly 60 years ago, Reed & Mackay is globally recognized as business travel and event solution experts. Reed & Mackay combines inspired service with state-of-the-art technology to create a level of travel management like no other and deliver value that one might not believe possible. Reed & Mackay was formed in 1962 and is based in London.
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Buyer Overview 1

Buyer

Inflexion

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Inflexion is a private equity firm that specializes in investments in UK-based founder and family-owned businesses. Broad areas of interest include consumer products/services, business services, healthcare, industrials, technology, and financial services. The Firm's target investment size is £10 to £500 million. Inflexion was formed in 1999 and is based in London.


Deal Context for Buyer #
Overall 41 of 124
Sector: Transportation 1 of 1
Type: Secondary Buyout 12 of 25
Country: United Kingdom 40 of 105
Year: 2016 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-21 CMO Software

London, United Kingdom

CMO Software is a software development firm focusing on risk and compliance management solutions. With a robust web-based platform, and mobile solutions for both iOS and Android, CMO Software is an integrated technology platform with extensive workflow and configuration capabilities. CMO Software was founded in 2001 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Ocorian

Jersey, United Kingdom

Ocorian is a provider of corporate, fund and fiduciary administration services. The business was founded as Bedell Trust and until 2016 was part of Bedell Cristin law firm. Ocorian enjoys a reputation for being one of the highest quality operators across the EMEA and APAC regions. Ocorian was founded in 1971 and is based in Jersey, United Kingdom.

Buy -

Seller Profiles 2

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


Deal Context for Seller #
Overall 52 of 76
Sector: Transportation 3 of 4
Type: Secondary Buyout 15 of 26
Country: United Kingdom 48 of 70
Year: 2016 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-24 Content+Cloud

London, United Kingdom

Content+Cloud is a technology services business, digital transformation partner, and Managed Services Provider (MSP). It is a Microsoft partner in the UK, operating across all 3 Microsoft clouds, including Modern Workplace, Azure, and Dynamics, Content+Cloud helps clients transform the way they operate, optimize the way their people work, and provides flexible and secure platforms on which to operate. Content+Cloud was founded in 1998 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-17 Premier Research

Morrisville, North Carolina, United States

Premier Research is a clinical development service provider that helps highly innovative biotech and specialty pharma companies transform breakthrough ideas into reality. The company has a wealth of experience in the execution of global, regional, and local clinical development programs with a special focus on addressing unmet needs in areas such as neuroscience, oncology, pediatric, and rare disease. Premier Research was founded in 1989 and is based in Morrisville, North Carolina.

Sell -
SELLER

Livingbridge

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 3.8B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Livingbridge is a UK-based investment group focused on investing in and growing mid-sized companies. The Firm targets businesses seeking £15 to £300 million of capital. Prospective companies should have 'ambitious mangement', scalable business models, and potential for market leadership. Sectors of interest include technology, media, communications, consumer products/services, healthcare, and education. Livingbridge was formed in 1995 and is based in London.


Deal Context for Seller #
Overall 59 of 102
Sector: Transportation 2 of 3
Type: Secondary Buyout 21 of 44
Country: United Kingdom 54 of 92
Year: 2016 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-09 Onyx Group

Middlesbrough, United Kingdom

Onyx Group is an IT infrastructure services provider. Onyx Group provides business continuity, cloud hosting, IT infrastructure, workplace recovery and data centre services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-22 LanguageLine Solutions

Monterey, California, United States

LanguageLine Solutions, Inc. is a provider of over-the-phone interpretation services from English into more than 150 languages, 24 hours a day, seven days a week.

Sell $1.5B