Mid-market investor Inflexion Private Equity has backed the £13 million management buy-out of motorhome manufacturer Autocruise, taking a majority shareholding in the company after investing £5.9 million.

Mid-market investor Inflexion Private Equity has backed the £13 million management buy-out of motorhome manufacturer Autocruise, taking a majority shareholding in the company after investing £5.9 million.

Inflexion’s investment was managed by Catherine Richards, John Hartz and Tim Smallbone. Under the terms of the funding agreement, Richards and Smallbone have joined Autocruise’s board.

The balance was satisfied in debt provided by The Royal Bank of Scotland. The deal was initiated and project managed by McInnes Corporate Finance with Inflexion advised by BDO Stoy Hayward.

South Yorkshire-based Autocruise has been designing and manufacturing a range of motorhomes since 1988. The buy-out was led by Autocruise’s managing director Joe Anwyll, who was supported by design and production director Gordon Bentley and new head of finance Dave Garner.