M&A Deal Summary

ECI Partners Acquires F.W. Evans Cycles

On May 1, 2015, private equity firm ECI Partners LLP acquired retail company F.W. Evans Cycles (UK) Ltd. from Active Partners for 110M GBP

Acquisition Highlights
  • This is ECI Partners’ 4th transaction in the Retail sector.
  • This is ECI Partners’ 0th largest (disclosed) transaction.
  • This is ECI Partners’ 51st transaction in the United Kingdom.
Investment Fate
  • F.W. Evans Cycles was sold to a publicly-traded strategic buyer in 2018.

M&A Deal Summary

Date 2015-05-01
Target F.W. Evans Cycles (UK) Ltd.
Sector Retail
Buyer(s) ECI Partners LLP
Sellers(s) Active Partners
Deal Type Secondary Buyout
Deal Value 110M GBP

Target

F.W. Evans Cycles (UK) Ltd.

Crawley, United Kingdom
website
F.W. Evans Cycles (UK) Ltd. is an operator of specialist cycling retailer. F.W. Evans Cycles (UK) Ltd. was founded in 1921 and is based in Crawley, United Kingdom.

Search 159,180 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

ECI Partners LLP

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 1.6B GBP
SizeLarge
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on smaller middle-market company investments valued between £10 and £150 million. ECI looks for UK businesses or businesses with a substantial presence in the UK. The Firm seeks to commit between £5 and £50 million of equity per transaction. Funds are generally used to support expansion, acquisitions, management buyouts and buy-ins, turnarounds and refinancing. Target sectors include IT services, support services, consumer & leisure, and manufacturing. ECI will not invest in early stage companies. ECI Partners was formed in 1976 and has offices in London and Manchester.


DEAL STATS #
Overall 54 of 69
Sector (Retail) 4 of 4
Type (Secondary Buyout) 10 of 14
Country (United Kingdom) 51 of 65
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-19 Tuskerdirect Ltd.

Hertfordshire, United Kingdom

Tuskerdirect Ltd. is a employee benefits car provider. This B2B2C tech enabled business delivers its live quotation and fleet management platform over the internet and partners with its corporate customers to implement a robust, bespoke and successful car scheme under a salary sacrifice model.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-24 Fourth Hospitality Ltd.

London, United Kingdom

Fourth Hospitality Ltd. is a cloud-based (SaaS) provider of hospitaliy management systems.

Sell -

Seller(S) 1

SELLER

Active Partners

Investor Investor Investor

website


Category Growth Capital Firm
Founded 2004
SizeSmall
Type Sector Focused
DESCRIPTION

Active Partners is a private investment firm focused on investing in growth-oriented, consumer centric companies. Active looks to commit £2 to £10 million in UK-based companies. The Firm will consider both majority or minority positions. Active Partners was established in 2004 and is headquartered in London.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-19 Honest Burgers

London, United Kingdom

Honest Burgers is an operator of chain of restaurants. It is a burger restaurant inspired by great british produce offering Lunch and Dinner.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-23 Leon Restaurants Ltd.

London, United Kingdom

Leon Restaurants is an operator of fast-food restaurants. It serves Breakfast, Lunch, Dinner, Coffee, and Drinks. Leon Restaurants was founded in 2004 and is based in London, England.

Buy -