Inflexion to exit Chambers and Partners to Abry Partners

• Inflexion led the buyout of Chambers and Partners in March 2018
• Abry is a Boston-headquartered private equity firm
• Inflexion is a mid-market private equity firm

Inflexion Private Equity has agreed to sell its investment in Chambers and Partners, a B2B information service provider in the legal sector, to Abry Partners.

The deal is valued at £440 million (€505 million; $540 million), according to a source familiar with the matter.

The sale marks a successful exit for Buyout Funds IV and V, generating a 4.7x return, according to a release.

Inflexion led the buyout of Chambers and Partners in March 2018.

Inflexion provided significant resource to build a digital B2B data and information services platform of scale and recruited a team to lead its transformation from a paper-based publisher towards a digital and subscription-based product offering, the release said. The business also penetrated the markets of China and Brazil and accelerated growth into the US.

Chambers’ growth was led by significant investment in the research function, the creation of sales function, which grew substantially from eleven sales FTEs at Inflexion’s investment to around 65 at exit together with investment in product and tech, the release added.

Abry will partner with Chambers’ team “to help accelerate growth and look forward to continuing to invest in the people, technology and resources that will further enhance the company’s product and service offerings,” said Nick Scola, partner at Abry.

Chambers is based in London.

Inflexion is a mid-market private equity firm that invests £10 million to £400 million of equity in each deal. It has offices in London, Manchester, Amsterdam and Stockholm.

Abry is a Boston-headquartered private equity firm that targets investments from $20 million to $200 million.