M&A Deal Summary

ECI Partners Acquires BCN Group

On June 20, 2022, private equity firm ECI Partners acquired internet software and services company BCN Group from Beech Tree Private Equity

Acquisition Highlights
  • This is ECI Partners’ 11th transaction in the Internet Software and Services sector.
  • This is ECI Partners’ 66th transaction in the United Kingdom.

M&A Deal Summary

Date 2022-06-20
Target BCN Group
Sector Internet Software and Services
Buyer(s) ECI Partners
Sellers(s) Beech Tree Private Equity
Deal Type Secondary Buyout

Target

BCN Group

Manchester, United Kingdom
BCN Group is a provider of on-premise, hybrid, and cloud hosting solutions, cloud migration services, application support, voice solutions, data management, hardware sales, and maintenance services to hundreds of customers across the country. BCN Group was formed in 2009 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 71 of 78
Sector: Internet Software and Services M&A 11 of 13
Type: Secondary Buyout M&A Deals 16 of 21
Country: United Kingdom M&A 66 of 73
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Imagesound

Derbyshire, United Kingdom

Imagesound delivers in-store music, messaging, and digital signage solutions from its hosted platform to over 60,000 client zones in over 150 countries. The company helps global clients improve their customer experience through the power of music, technology, and content. Imagesound was founded in 1998 and is based in Derbyshire, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 Clear Group

London, United Kingdom

Clear Group is an independent insurance broker with over 30,000 clients and handling over £100m of premiums. It is focused on the UK corporate and SME market and has strong expertise in niche insurance verticals including property and construction. Clear Group was formed in 2001 and is based in London, United Kingdom.

Sell -

Seller(S) 1

DESCRIPTION

Beech Tree Private Equity is a private equity firm focused on investing in and partnering with mid-sized businesses in the support services, technology, consumer, financial services, and healthcare sectors. The Firm will consider opportunities throughout the UK and looks to commit £10 to £40 million per transaction. Prospective transaction situations include owners looking to exit, management buyouts, and acquisition/expansion financings. Beech Tree Private Equity was established in 2014 and is headquartered in Wilmslow, United Kingdom.


DEAL STATS #
Overall 3 of 6
Sector: Internet Software and Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 3 of 4
Country: United Kingdom M&A 3 of 6
Year: 2022 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Redstor

Reading, United Kingdom

Redstor is a disruptive data management SaaS business that has created a smart, cloud-native platform, which delivers rapid protection of data residing on infrastructure and in a wide array of SaaS applications. Channel focused and trusted by more than 40,000 clients, Redstor's mission is to make data management simple, smart and safe. Redstor was formed in 1998 and is based in Reading, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 Fluent Money

Horwich, United Kingdom

Fluent Money is an online finance broker in the UK. From its origins specialising in secured loans, Fluent has now expanded its offering to include mortgages, equity release, bridging loans and insurance to become one of the fastest growing finance brokers in the UK. Fluent Money is based in Horwich, United Kingdom.

Sell £73M