Daisy spin-off Digital Wholesale Solutions (DWS) has been valued at £1bn after taking on private equity investment, according to the Financial Times.
The FT said the deal sees Inflexion take on a minority stake in DWS, which sells IT and communication solutions to channel partners.
Daisy and Inflexion declined to comment on the article.
DWS was created in 2019 when Daisy merged three of its trade-only outfits together. At the same time it spun out its channel-services arm into Allvotec.
The restructuring came after Daisy’s owners reportedly failed to find a buyer that reached their valuation for the combined business in 2018.
At this point then-CEO Neil Muller departed and founder Matthew Riley became executive chairman, overseeing the newly created divisions. Since the creation of the new entities Terry O’Brien has stepped into the DWS CEO role, previously the Managing Director of Daisy Wholesale.
The FT claimed that the Inflexion investment comes ahead of a potential IPO for DWS.
Last year Inflexion became the majority shareholder in Manchester-based hosting provider UKFast.
