Nine-figure investment marks ‘big opportunity’ for Crewe-based Radius Payment Solutions

Logistics and fleet services provider Radius Payment Solutions has received a nine-figure boost from mid-cap investor Inflexion.

The Crewe-based company said the £150m investment will provide it with the “financial firepower” to complete any future takeovers.

Radius employs over 1,000 people across the North West and Asia, with plans revealed earlier this month for an additional office in Boston.

Work is currently underway on the construction of a new £12m headquarters for the firm at Crewe Business Park.

Last year, Radius pulled in an operating profit of £39.6m on revenues of £2.3bn.

The company’s founder, Bill Holmes, told The Sunday Times: “Inflexion have a global reach and will help us expand.

“They will add expertise in fields we don’t have. We see this as a big opportunity.”

A team from professional services giant EY in Manchester, comprising Richard Harding, John Williams and Lisa Bardsley, provided vendor due diligence for Radius.

Investment firm GCA Altium, which has UK offices in Manchester and London, provided financial advice on the deal.

GCA Altium chief exec Phil Adams commented: “We’re delighted to have advised Inflexion on such a large, high profile North West transaction.

“This is the second major deal we have announced in the region in the last four weeks after the IPO of Footasylum and is a sign of the huge growth in our business in recent years, particularly following our merger last year which has given us a truly global platform with 15 offices in 10 countries.”

Barclays was the lead bank on the transaction.

Martin Souter, relationship director at Barclays in Manchester, commented: “Barclays is really pleased to continue our support of Radius Payment Solutions with this transaction, and look forward to supporting the management team and Inflexion in the years ahead.”

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