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’ 3rd 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
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 2001 and is based in Nottingham, 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 73 of 78
Sector (Software) 3 of 3
Type (Secondary Buyout) 17 of 20
Country (United Kingdom) 68 of 73
Year (2023) 2 of 3
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

Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B 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 88 of 92
Sector (Software) 19 of 20
Type (Secondary Buyout) 32 of 34
Country (United Kingdom) 45 of 46
Year (2023) 1 of 3
Size (of disclosed) 17 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-20 Nomadia

Créteil, France

Nomadia is a European SaaS provider of smart mobility solutions, including technical interventions (such as scheduling, maintenance delivery and auditing), routing and planning optimization, CRM sales force management (such as territory sectors definition and allocation), and mobile workers’ safety & monitoring. Its solutions are tailored to specific sectors’ needs, including energy & utilities, building & maintenance, pharma & healthcare, e-commerce last mile delivery, FMCG & luxury, audit, telecom, and many others. Nomadia was founded in 2021 and is based in Créteil, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-25 Silverfin

Gent, Belgium

Silverfin is a cloud platform for accountants that improves the efficiency, competitiveness and profitability of compliance services, and powers the development and delivery of advisory services. Silverfin was founded in 2013 and is based in Gent, Belgium.

Sell -
Mergr

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