Inflexion announces partnership with TC Group with Management Due Diligence advice from The Quinn Partnership
With The Quinn Partnership advising on Management Due Diligence, Inflexion has announced it has completed an investment into TC Group (“TC”), a provider of accountancy and taxation services to UK SMEs. The investment is being made from Enterprise Fund V, Inflexion’s dedicated lower mid-market fund.
TC Group is an Accountancy Age ‘Top 30’ firm and provides bespoke, high-quality accounting, bookkeeping, tax, audit and payroll services. It operates through 29 local offices throughout the UK with over 500 employees servicing almost 15,000 customers. TC focuses on enabling partners to retain their autonomy and grow their income whilst providing industry leading infrastructure and support.
The company has a strong track record of organic growth and through acquisition, with 28 completed to date and a strong pipeline of further opportunities. Inflexion brings significant buy and build experience, having completed over 440 throughout its near 25-year history. Inflexion will support the business as it continues its strategy to consolidate the fragmented market and generate increased wealth for its partners and customers.
Inflexion has extensive experience in the professional services sector, with successful partnerships alongside firms such as Succession Wealth, Lane Clark & Peacock, Ocorian, PMC Treasury and Sparta Global illustrating what can be achieved by combining Inflexion’s support with ambitious management teams.
“TC Group have a fantastic business model and brilliant management team, which combined with Inflexion’s sector and M&A experience, puts us in a great position to help accelerate its already impressive growth. We look forward to working with the team to seize the market opportunity together.”
Malcolm Coffin, Partner and Head of Enterprise Fund, Inflexion
“TC Group continues to grow and evolve, and our partnership with Inflexion is the next phase of our journey. Our primary goal is to keep providing a fantastic service to our partners and customers, and with the extra resources that Inflexion provides we will be able to ensure that this happens. The Inflexion team immediately impressed us with the way that they really understood our business and our aspirations, and we know that it will be a very dynamic partnership.”
Richard Keyes, CEO, TC Group
“With a great depth and wealth of experience across the management and partner teams within the Group, Richard has led the business and its growth with impressive vision, energy and sharp, focused insight. He is closely supported by his team who possess strong technical credibility and acumen.
“Inflexion with its track record of success of partnering with growing businesses in the professional services sector accelerating expansion through both organic growth and through buy-and-build strategies, will provide the resources and expertise to help the Group both consolidate and deliver further on its model and vision.
“This is an impressive and established management team with a proven and effective model. We anticipate that Richard and the team will create significant value and have a strong partnership working alongside Inflexion over the next few years.”
Paul Quinn, Director, The Quinn Partnership
If you would like further information regarding our Management Due Diligence services, please contact us.
This entry was posted in