Private equity investor Inflexion has acquired a majority holding in employee benefits provider Asperity in a deal which values the UK-based company at £25.5 million.

Private equity investor Inflexion has acquired a majority holding in employee benefits provider Asperity in a deal which values the UK-based company at £25.5 million.

Asperity, which provides companies with schemes such as employee discounts, vouchers, salary sacrifice, and reward and recognition products, plans to continue expanding internationally following the deal. Asperity has already launched operations in Australia and Ireland.

Founder and managing director Glenn Elliott will continue to lead the company, according to an Asperity statement. The amount Inflexion has invested has not been disclosed.

Elliott comments: ‘Inflexion’s investment will provide us with the financial and business muscle that will help us to continue to shape the employee benefits markets throughout the world over the next few years. We’ve conducted a comprehensive search for the right partner to help develop internationally.’