M&A Deal Summary

ECI Partners Acquires Commify

On September 5, 2023, private equity firm ECI Partners acquired software company Commify from HgCapital for 300M EUR

Acquisition Highlights
  • This is ECI Partners’ 4th transaction in the Software sector.
  • This is ECI Partners’ 0th largest (disclosed) transaction.
  • This is ECI Partners’ 68th transaction in the United Kingdom.

M&A Deal Summary

Date 2023-09-05
Target Commify
Sector Software
Buyer(s) ECI Partners
Sellers(s) HgCapital
Deal Type Secondary Buyout
Deal Value 300M EUR

Target

Commify

Nottingham, United Kingdom
website
Commify is a provider of reliable software solutions for the sending and receipt of SMS messaging services and emailing to support new marketing and advertising opportunities. Commify was founded in 2002 and is based in Nottingham, 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 72 of 74
Sector (Software) 4 of 4
Type (Secondary Buyout) 17 of 18
Country (United Kingdom) 68 of 70
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-05 4ways

Hertfordshire, United Kingdom

4ways is a high-growth, teleradiology company. 4ways uses its sophisticated technology platform to deliver a 24hrs a day, tech-enabled service, providing routine, out-of-hours, and specialist clinical reporting on diagnostic images which helps hospitals, CCGs, and other healthcare providers to deliver quality and efficient care to patients. 4ways was founded in 2005 and is based in Hertfordshire, United Kingdom.

Sell -
FOLLOWING 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

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 85 of 86
Sector (Software) 17 of 18
Type (Secondary Buyout) 31 of 31
Country (United Kingdom) 44 of 45
Year (2023) 1 of 2
Size (of disclosed) 16 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-18 GTreasury

Buffalo Grove, Illinois, United States

GTreasury is a provider of treasury management software for organizations spanning the world. GTreasury’s solution illuminates a treasury’s liquidity by centralizing all incoming and outgoing banking activities, along with tracking all financial instrument activities. GTreasury was founded in 1986 and is based in Buffalo Grove, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-20 IRIS

Slough, United Kingdom

IRIS is a private software house supplying business management solutions to over 60,000 customers, from start-ups to large organisations. IRIS was founded in 1978 and is based in Slough, United Kingdom.

Sell £3.2B