finnCap Cavendish, part of finnCap Group plc, is pleased to announce it has advised Inflexion, a leading mid-market private equity firm on its investment into TC Group, a provider of accountancy and taxation services to UK SMEs. The investment is being made from Enterprise Fund V, Inflexion’s dedicated lower mid-market fund.

TC Group is an Accountancy Age ‘Top 30’ firm and provides bespoke, high-quality accounting, bookkeeping, tax, audit and payroll services. It operates through 29 local offices throughout the UK with over 500 employees servicing almost 15,000 customers, and has a successful track record of M&A and profitability. TC focuses on enabling partners to retain their autonomy and grow their income whilst providing industry leading infrastructure and support.

TC Group has a strong track record of organic growth and through acquisition, with 28 completed to date and a strong pipeline of further opportunities. Inflexion brings significant buy and build experience, having completed over 440 throughout its near 25-year history. Inflexion will support the business as it continues its strategy to consolidate the fragmented market.

Advisers to Inflexion from finnCap Cavendish were Andrew Jeffs (Partner), Leigh Webb (Head of PE Sponsor Coverage & Elliott Jeans (Associate Director).

Andrew commented:

“We are delighted to have advised Inflexion on its investment into TC Group.  It is a deal that highlights the continued appetite of private equity to invest in the professional services sector especially firms with differentiated models like TC has. Congratulations to Malcolm, his team and all involved on the successful investment.”

“This deal evidences the focus and capability finnCap Cavendish has on the professional services and wider business services sector. It also marks another notable buyside credential for the firm”.