M&A Deal Summary

ECI Partners Acquires LateRooms

On November 1, 2004, private equity firm ECI Partners acquired internet software and services company LateRooms

Acquisition Highlights
  • This is ECI Partners’ 2nd transaction in the Internet Software and Services sector.
  • This is ECI Partners’ 22nd transaction in the United Kingdom.
Investment Fate
  • LateRooms was sold to a strategic buyer in 2006 for 108M GBP.
  • LateRooms was sold to a strategic buyer in 2019.

M&A Deal Summary

Date 2004-11-01
Target LateRooms
Sector Internet Software and Services
Buyer(s) ECI Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

LateRooms

Manchester, United Kingdom
LateRooms Ltd. is a provider of online low-cost, late availability hotel rooms. LateRooms was founded in 1999 and is based in Manchester, United Kingdom.

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Buyer(S) 1

Buyer

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B 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 22 of 78
Sector: Internet Software and Services M&A 2 of 13
Type: Buyout (LBO, MBO, MBI) M&A Deals 19 of 34
Country: United Kingdom M&A 22 of 73
Year: 2004 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-03 EDM Group

Wolverhampton, United Kingdom

EDM Group has been providing Information Management services and solutions since 1974. EDM Group was established with the express intent of leading the market for the provision of electronic document management services and solutions. EDM Group was founded in 1974 and is based in Wolverhampton, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Bounty

Welwyn Garden City, United Kingdom

Bounty is a provider of information and direct marketing solutions to pregnant mothers and new parent households. The Company was formed in 1960 and is headquartered in Welwyn Garden City, England.

Buy -