Alantra supports Inflexion to buy back Aspen Pumps

Jan 2020

Buy-side advisory

Alantra, the independent global mid-market investment banking and asset management firm, has advised Inflexion Private Equity on its acquisition of Aspen Pumps (Aspen), a market leading manufacturer of specialist pumps, from 3i Group plc. This will be Inflexion’s second period of ownership of Aspen following a highly successful partnership between 2007 and 2015 during which EBITDA tripled.

Aspen is the global leader in the design, manufacture and distribution of mini pumps that remove condensate water from air conditioning and refrigeration systems. The group also sells a range of ancillary products for air conditioning installers and engineers.  The company has offices and warehousing in the UK, France, Germany, USA and Australia.  The group currently employs over 200 people and exports its products to over 100 countries.

Aspen is a long-standing client of Alantra, having advised on refinancing, acquisitions and the sale to 3i in 2015. As a result of Alantra’s in-depth understanding of the business, the deal team were able to support Inflexion in all aspects critical to their decision to acquire Aspen including business plan preparation, thoughts on future M&A, debt strategy and how best to position themselves in the sale process. 

Andy Currie, Managing Partner at Alantra, who led the deal supported by Steve Currie, Andrew Shellard, Robert Young and James Wolfe, said, “It is a privilege to have worked alongside Inflexion to enable them to reinvest in Aspen. It is a world-class British business with a great management team with whom we have had a close and long-standing relationship, having advised them through a number of exciting phases in their growth. Inflexion is an excellent partner for management as they execute Aspen’s next phase of growth.”