Inflexion buys controlling stake in Asperity
Summary
Private equity investor Inflexion has acquired a majority holding in employee benefits provider Asperity in a deal which values the UK-based company at £25.5 million. Private equity investor Inflexion has acquired a majority holding in employee benefits provider Asperity in a deal which values the UK-based company at £25.5 million. Asperity, which provides companies with schemes such as employee discounts, vouchers, salary sacrifice, and reward and recognition products, plans to continue expanding internationally following the deal. Founder and managing director Glenn Elliott will continue to lead the company, according to an Asperity statement. Elliott comments: ‘Inflexion’s investment will provide us with the financial and business muscle that will help us to continue to shape the employee benefits markets throughout the world over the next few years.
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