M&A Deal Summary

ECI Partners Acquires Mobysoft

On September 16, 2020, private equity firm ECI Partners acquired software company Mobysoft from Livingbridge

Acquisition Highlights
  • This is ECI Partners’ 2nd transaction in the Software sector.
  • This is ECI Partners’ 63rd transaction in the United Kingdom.

M&A Deal Summary

Date 2020-09-16
Target Mobysoft
Sector Software
Buyer(s) ECI Partners
Sellers(s) Livingbridge
Deal Type Secondary Buyout

Target

Mobysoft

Manchester, United Kingdom
Mobysoft is a provider of predictive software for social housing providers. Mobysoft’s core product, RentSense, is a Software as a Service (SaaS) based predictive analytics service which delivers accurate and prioritised workload to social landlords. Mobysoft was established in 2003 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 68 of 78
Sector: Software M&A 2 of 3
Type: Secondary Buyout M&A Deals 13 of 21
Country: United Kingdom M&A 63 of 73
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-03 CSL Group

Watford, United Kingdom

CSL Group is a provider of critical connectivity solutions in IoT with a heritage in Fire & Security and Telehealth. The apps and portals used by customers offer real-time visibility, status updates, and remote maintenance, with expert support teams available 24/7 across the UK, Ireland, the Netherlands, Sweden, and Spain. CSL Group was founded in 1996 and is based in Watford, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 MPM Products

Manchester, United Kingdom

MPM Products is a pet food company that owns brands such as Applaws, Encore, and Reveal. MPM produces high-quality, natural pet foods for discerning cat and dog owners. MPM’s loyal customer base places great importance on its sustainable sourcing and recyclable packaging. It has an established presence in the UK, EMEA, and APAC with a fast-growing business in North America. International sales account for more than 60% of revenues. MPM Products was formed in 2002 and is based in Manchester, United Kingdom.

Sell -

Seller(S) 1

SELLER

Livingbridge

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 3.8B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Livingbridge is a UK-based investment group focused on investing in and growing mid-sized companies. The Firm targets businesses seeking £15 to £300 million of capital. Prospective companies should have 'ambitious mangement', scalable business models, and potential for market leadership. Sectors of interest include technology, media, communications, consumer products/services, healthcare, and education. Livingbridge was formed in 1995 and is based in London.


DEAL STATS #
Overall 83 of 102
Sector: Software M&A 6 of 7
Type: Secondary Buyout M&A Deals 34 of 44
Country: United Kingdom M&A 77 of 92
Year: 2020 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-17 Bistrot Pierre

Nottingham, United Kingdom

Bistrot Pierre provides customers with great value, authentic French cooking in a relaxing, lively atmosphere. Bistrot Pierre was founded in 1994 and is based in Nottingham,

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 Ten10

London, United Kingdom

Ten10 is a provider of quality engineering services that helps its clients to manage the significant risks involved with technology change, including software development and implementation; systems integration; and functionality and performance issues. Ten10 was founded in 2004 and is based in London, United Kingdom.

Sell -