Inflexion Private Equity has acquired the business services provider Asperity Employee Benefits for £25.5 million by backing the management buy-out.

Investment firm Inflexion Private Equity has acquired the business services provider Asperity Employee Benefits for £25.5 million by backing the management buy-out of the company.

John Hartz, managing partner of Inflexion, comments that the deal will support the company’s growth in the UK and internationally.

London-based Asperity provides companies with employee benefit programmes such as salary sacrifice and reward and recognition products, through an internet-based platform. The company has around 500 clients including BSkyB and Ladbrokes, and its 76 staff will share in a £1 million payout following the deal through the company’s employee share and bonus scheme.

Managing partner Simon Turner and investment director Christian Hamilton, who led the transaction at Inflexion along with Gareth Healy and Nicola Boyd, will join the board of Asperity as non executive directors.