Radius Payments Solutions secures £150m investment
Radius Payment Solutions has secured a £150 investment from funds managed by private equity investment firm Inflexion.
Radius offers fuel cards as well as MasterCard payment solutions and telematics to over 200,000 SME customers across Europe, North America and Asia, and the transaction values the company at £800m.
Bill Holmes, CEO & founder, Radius, commented: “We’ve achieved rapid growth of customer numbers and revenue over the last few years through to the development of innovative new products and services, acquisitions and through expansion into new countries and markets. We’ve been exploring ways in which we can achieve the next stage of our growth and believe Inflexion Partnership Capital has the right culture, expertise and support to grow the business further with its exciting overseas network.”
The transaction is subject to regulatory approval and is expected to complete in early 2018.