B2B. The UK-based Times Higher Education (THE) has been sold to private equity firm Inflexion, becoming a stand-alone business for the first time. The deal follows THE’s carve-out from its parent company TES Global. THE was previously owned by US-based TPG Capital, and along with its long-time stable partner TES (formerly Times Educational Supplement) has been owned by a series of private equity firms since 2005. Transaction terms were not disclosed.