By Andrei Skvarsky.
British investment company Inflexion Private Equity has announced that its portfolio company Radius Payment Solutions, a fuel card manager, made five acquisitions in November.
Inflexion owns a minority stake in Radius, which is based in Britain and has offices in various parts of Europe.
Radius’s five acquisitions are two vehicle tracking companies, one British and the other American, two telecoms firms, one Irish and one British, and a British insurance brokerage, according to a statement from Inflexion.
Previous acquisitions by Radius include the buyout of a British mobile phone company in October 2018, which expanded the fuel management firm’s business into the telecoms market.
Inflexion either acquires a minority stake in or buys out what are presumed to be companies with a high growth potential by putting 10m to 250m pounds ($13m to $323m) into them, according to information on its website.
It has invested in 77 businesses since its inception in 1999. Its portfolio extends to about 150 countries.
Inflexion has 3.5bn pounds ($4.5bn) available for investment and assets under management worth 5.4bn pounds ($7bn).
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