Transaction

Transaction Details

Closed
December 1, 2017

Sector

Financial Technology, Financial Technology and Services, Tech-Enabled Services, Technology

Deal Type

Debt Advisory

Deal Value

£255M

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GCA Advises Radius and Inflexion on Their Partnership Capital Investment in Radius

GCA is pleased to announce we advised Radius, a leading provider of fuel payment solutions and telematics, and funds managed by Inflexion on their partnership capital investment in Radius.

Radius Payment Solutions Limited (“Radius”) provides market-leading fleet management solutions, insurance products and payment solutions to businesses across the world. The company acts as the key intermediary and service provider between major energy companies, energy retail networks and over 200,000 SME customers. Capitalizing on its scale, integrated technology and telematics service platforms, Radius provides SMEs with significant purchasing power. Additionally, the company’s proprietary customer-focused portal and reporting platform allows customers to track their fleet’s vehicles and assess driver performance, vehicle performance and fleet utilization.

Inflexion’s Partnership Capital model will enable Radius to continue to incentivize performance through employee ownership while supporting the company’s continued organic growth and helping to accelerate global sales.

Bill Holmes, CEO & Founder of Radius, commented: “We’ve achieved rapid growth of customer numbers and revenue over the last few years through the development of innovative new products and services, acquisitions and through expansion into new countries and markets. We’ve been exploring ways in which we can achieve the next stage of our growth and believe Inflexion Partnership Capital has the right culture, expertise and support to grow the business further with its exciting overseas network.”

The transaction, which was supported by a seven-bank club, raised £255m ($343 million) of committed debt facilities to value the company at £800m.

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