Investment Summary

ECI Partners Invests In Moneypenny

On November 12, 2018, private equity firm ECI Partners invested in communications company Moneypenny

Investment Highlights
  • This is ECI Partners’ 2nd transaction in the Communications sector.
  • This is ECI Partners’ 59th transaction in the United Kingdom.

Investment Summary
Date 2018-11-12
Target Moneypenny
Sector Communications
Investor(s) ECI Partners
Deal Type Growth Capital
Advisor(s) GCA Altium (Financial)
DLA Piper
Ernst & Young - Law
PwC Law (Legal)

Target

Moneypenny

Wrexham, United Kingdom
Moneypenny is an outsourced communications provider. The company delivers outsourced telephone answering, live chat, switchboard, and a host of technology-enabled services to a wide range of businesses, from sole traders to multi-national corporations. Moneypenny handles 15 million calls and chats annually for more than 13,000 clients in the UK and US. Moneypenny was founded in 2000 and is based in Wrexham, United Kingdom.

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Investor(S) 1

Investor

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 63 of 78
Sector (Communications) 2 of 2
Type (Growth Capital) 11 of 14
Country (United Kingdom) 59 of 73
Year (2018) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 Evans Cycles

Crawley, United Kingdom

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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Travel Chapter

Bideford, United Kingdom

Travel Chapter is a holiday rental platform, offering a wide selection of 8,000 high-quality properties across the UK. It has a number of consumer brands including its flagship brand Holidaycottages.co.uk and specialist lifestyle and regional brands such as Canine Cottages and Cottages & Castles, all focused on delivering exceptional customer service. Travel Chapter was formed in 1989 and is based in Bideford, United Kingdom.

Buy -
Mergr

Product

Company

Legal