Manchester-based Tekton Group, an enterprise resource planning software provider to the UK construction industry, was sold to
Inflexion originally acquired Tekton Group in December 2006 in a £12m deal and over 15 months made a two times return on its original equity investment of £4.6m and an internal rate of return of 66%.
During Tekton Group’s period of private equity ownership, Inflexion said that it increased profits by 20%, grew the staff by more than 60% to over 90, consolidated operations and expanded the sales force.