European private equity company Inflexion opens Singapore office

[SINGAPORE] London-based private equity company Inflexion is expanding to Singapore with the opening of an office in the city-state.

The firm, which specialises in mid-market transactions, said on Tuesday (Apr 1) that it is appointing Shane Gong as managing director in the investor relations team, leading coverage in the Asia-Pacific. According to US asset management company Pinebridge Investments, such deals refer to those involving companies with an annual earnings before interest, tax, depreciation and amortisation that typically range from US$5 million to US$100 million.

“Opening an office in Singapore is a strategic milestone for Inflexion and will help to deepen our investor coverage in the region,” said George Collier, chief operating officer and partner at Inflexion.

Inflexion joins the likes of Collar Capital in expanding to Singapore. One of the largest global investors in the private equity secondary market, Collar said in January it was setting up an office in Singapore amid growing demand from institutional and private wealth investors in South-east Asia.

Retail investors in Singapore may soon be able to invest in private markets, after the city-state’s central bank said on Mar 27 it is seeking feedback on its proposals to allow such investors access to the asset.

Inflexion usually invests between £20 million (S$34.7 million) and £500 million of equity in each deal.

Gong joins Inflexion with more than 20 years of capital raising, directing investing, as well as mergers and acquisition experience across Asia.

Inflexion also announced it hired Sachin Mitra as managing director for investor relations of Europe, Middle East and Africa.