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K2 Partnering Solutions Receives Investment From Inflexion Private Equity Fund

London, 14 March, 2017

Leading global technology staffing firm K2 Partnering Solutions today announced that it has received a minority investment from Inflexion private equity fund. Inflexion is an award-winning UK mid-market private equity firm that invests in high-growth, entrepreneurial businesses with ambitious management teams and works in partnership with them to accelerate growth.

K2 was founded in London in 1997 by James McHugh and now operates from 19 locations around the world. K2’s elite enterprise software consultants support client projects in enterprise cloud and on-premise, big data, enterprise mobility, cybersecurity and artificial intelligence technologies. The company’s unparalleled understanding of the technology landscape and industry verticals means it offers unique consultative staffing solutions to its clients.

Through Inflexion’s unique Partnership Capital solution, K2’s founder shareholder and his management team will retain a majority stake in the company. Inflexion’s investment will help expand the sales team, further broaden geographic reach and support continued diversification into emerging technology segments. In addition, Inflexion will use its senior talent network to help K2 source a highly regarded Chairman.  

Antonio Gulino, Chief Executive Officer at K2, commented: “Since its inception, K2 has enjoyed two decades of innovative growth as demand for highly qualified and specialised IT consultants outstrips supply. We are excited to partner with Inflexion, an investor who understands our values, ambitions and brings valuable experience to our team, as we embark on the next phase of our journey.”

David Whileman, Head of Partnership Capital at Inflexion, commented: “Our Partnership Capital investment in K2 represents our fourth investment in as many months. Inflexion has known K2 for nearly 10 years, we are thrilled to have met the team’s investment ambitions with our tailored minority solution. K2 is a multinational business of scale, strong in the markets that mirror Inflexion’s local presence in Brazil and China. Capitalising on our track record in the recruitment and technology sectors we look forward to helping K2 accelerate its growth.”

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About K2 Partnering Solutions

K2 is a global leader in consultative technology staffing. It identifies and works with the best enterprise software professionals to support contingent projects of any size with local or global talent.

K2 was founded in London in 1997 and now operates from 19 locations around the world. K2’s elite IT consultants support client projects in enterprise cloud and on-premise, big data, enterprise mobility, cybersecurity, internet of things and artificial intelligence technologies. The company’s unparalleled understanding of the technology landscape and industry verticals means it offers unique consultative staffing solutions to its clients. 

In 2015 K2 launched its training and education business line, retraining and upskilling freelance consultants for the most in-demand technologies.

About Inflexion

Inflexion is an award-winning UK mid-market private equity firm, investing equity of £10m to £100m in high growth, entrepreneurial businesses with ambitious management teams and working in partnership with them to accelerate growth. A mid-market specialist with bespoke teams and dedicated capital, Inflexion backs majority or minority investments in the lower mid-market, mid-market Buyouts and provides minority solutions for larger midmarket companies through its dedicated Partnership Capital offering.

Investing across all sectors from offices in London and Manchester, Inflexion also has experts in Bangalore, São Paulo and Shanghai dedicated to portfolio development, enabling investee companies to benefit from privileged access to these fast growth markets. The firm has in-house digital expertise, invests in operational improvement and supports growth via acquisition.

Inflexion is currently investing its £650m Buyout Fund IV, £400m Partnership Capital Fund I and its £250m Enterprise Fund IV. Recent transactions include the Enterprise Fund buyout of MyPolicy, Partnership Capital investments in Medivet and LCP and buyouts of Group IMD and Ocorian. We also supported add-on acquisitions CloserStill, Reed & Mackay and CableCom.

In September 2016, Inflexion again secured the top spot in Preqin’s global rankings for consistent performance amongst private equity funds, with all funds ranked top quartile. No other UK firm featured in the top 20.

Inflexion is currently advising c. £2bn on behalf of its investors, read more inflexion.com

 

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