M&A Deal Summary

ECI Partners Acquires TAG

On April 10, 2024, private equity firm ECI Partners acquired business services company TAG from Apiary Capital

Acquisition Highlights
  • This is ECI Partners’ 8th transaction in the Business Services sector.
  • This is ECI Partners’ 70th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-04-10
Target TAG
Sector Business Services
Buyer(s) ECI Partners
Sellers(s) Apiary Capital
Deal Type Secondary Buyout

Target

TAG

London, United Kingdom
website
TAG is a travel management provider to the global live music and entertainment touring industry. TAG works with tour managers to arrange complex, often global, travel itineraries for performing artists and their support teams and production crews. TAG also serves the ‘high-touch’ segment of the corporate travel market, particularly the financial services and media sectors. TAG was founded in 1988 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

ECI Partners

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 1.7B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


DEAL STATS #
Overall 74 of 74
Sector (Business Services) 8 of 8
Type (Secondary Buyout) 18 of 18
Country (United Kingdom) 70 of 70
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-29 ISMS.online

Brighton, United Kingdom

ISMS.online is a SaaS Information Security Management System (ISMS) that provides information security, data privacy, and other compliance needs to companies around the world. ISMS.online is based in Brighton, United Kingdom.

Buy -

Seller(S) 1

SELLER

Apiary Capital

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2017
PE ASSETS 200M GBP
Size Middle-Market
Type Sector Focused
DESCRIPTION

Apiary Capital is a private equity firm focused on the business services, education and healthcare sectors. The Firm seeks to acquire platform companies in attractive market segments and subsequently drive growth through a combination of roll-ups, roll-outs and strategic mergers. Apiary Capital was formed in 2017 and is headquartered in London.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-17 Carbon Underwriting

London, United Kingdom

Carbon Underwriting is a specialist, independent managing general underwriter (MGU). Carbon is class agnostic MGU driving transformation in the international coverholder market. It operates as an underwriting and data lead with a keen focus on coverholder partnership. Carbon Underwriting is based in London, United Kingdom.

Buy -