Inflexion to acquire a minority stake in the Digital Wholesale Solutions division of Oakley-backed Daisy Group at a £1bn valuation.

Private equity firm Inflexion agreed to acquire a minority stake in the Digital Wholesale Solutions division of Oakley-backed Daisy Group, a British company that sells Internet and telecommunications services, including internet hosting, broadband Internet connections, and VOIP, at a £1bn valuation. "Since setting up Daisy in 2001, the Group has gone from strength to strength, adapting and seizing opportunities brought about by evolving technology and regulation. I believe that now is the right time for DWS to become an independent company and I look forward to partnering with Inflexion as DWS continues to grow and develop," Matthew Riley, Daisy Group Chairman.