Inflexion has acquired PD&MS Energy, a provider of engineering, procurement and construction services, from Equistone Partners. Lloyds Bank Commercial Finance provided debt financing. The deal, which gave Equistone a 2.9x total money return, is rumored to be worth more than £50 million ($86 million). With established operations in the North Sea and more recently Azerbaijan, PD&MS has core revenue growth in excess of 20% per annum. Equistone first invested £16 million ($27 million) in the company, and then Wilton Group, in June 2010. Later, Equistone re-upped its investment with an additional £4 million ($7 million).