Sale to Inflexion Capital Partners

Industrial
Sale to Inflexion Capital Partners

Summary

Baird served as exclusive financial advisor to Aspen Pumps Group and 3i Group plc on this transaction

About

Aspen Pumps Group (“Aspen” or the “Company”), a portfolio company of 3i Group plc (“3i”) (LSE: III), has been acquired by Inflexion Private Equity Partners LLP (“Inflexion”). Terms of the transaction were not disclosed. Completion is subject to customary antitrust approvals and is expected to take place in Q1 2020.

Aspen is the global leader in the supply of condensate removal pumps into the fast growing air conditioning market. Aspen has also built an impressive portfolio of brands including Xtra accessory products, JAVAC tools, Advanced chemicals and Big Foot roof support systems. In December 2019 Aspen Pumps celebrated the milestone of selling 1 million pumps in a single year, further cementing its position as the wholesalers’ choice for innovation and reliability. The Company is headquartered in Hailsham, the United Kingdom.

3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America.

Inflexion is a mid-market private equity firm investing in high growth, entrepreneurial businesses. Inflexion has offices in London, Manchester, Boston, Brazil, China and India and backs both majority and minority investments. Funds advised by Inflexion have approximately £5.4 billion assets under management. Inflexion is headquartered in London, the United Kingdom.
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Industrial
Sale to Inflexion Capital Partners
Date
December 2019
Company
Aspen Pumps Group
Transaction
M&A
Sectors
Industrial
Target Location
Europe
Acquiror Location
Europe

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