UK private equity house Inflexion has agreed to buy into e-bike component maker enviolo in a deal AltAssets understands values the company at $245m.
The firm exited Halo Technology Group in December, generating a 6x money multiple and 53% IRR for a four-year hold. It also scored a 3x return with an earlier Kunetec exit.
AltAssets exclusively revealed in April that the firm was raising the successor to its £1.25bn Fund V – and had picked up a sizeable commitment from a major US pension fund.
Fund VI is said to be aiming £2bn, which will be 60% larger than Fund V.
Read more: Alt Assets
