Inflexion announces that funds managed by Inflexion have agreed a £150m Partnership Capital investment in Radius Payments Solutions (Radius), a leading fleet payments and telematics provider to small and medium sized fleets across Europe, North America and Asia. This transaction values the company at £800m.
Radius was founded in 1990 by CEO Bill Holmes who still leads the business today and remains the largest shareholder. Headquartered in Crewe, Radius has grown rapidly since its inception, through a combination of organic and acquisitive growth, with over 30 acquisitions completed to date. Radius is proud to be the second largest employer in Crewe; it now has over 1,000 employees with operations that span 14 countries across Europe, North America and Asia. Radius primarily serves the SME market and has over 200,000 customers.