Inflexion Realizes 16.2x Return in FDM Group's IPO
June 18, 2014
International IT services provider FDM Group has debuted on the LSE under the symbol FDMG, pricing its shares at £2.87 ($4.87) and obtaining a market capitalization of £308.5 million ($523 million). Inflexion Private Equity sold its entire stake in the offering, reaping about £234.7 million ($398 million), a 16.2x return on the firm's 2010 investment. During Inflexion's holding period, FDM increased its number of consultants from 338 to over 1000, and opened operations in North America and Asia.