M&A Deal Summary

The Carlyle Group and Ardian Acquire ECI Software Solutions

On March 12, 2014, private equity firms The Carlyle Group and Ardian acquired software company ECI Software Solutions from Bregal Sagemount

Acquisition Highlights
  • This is The Carlyle Group’s 34th and Ardian’s 7th transaction in the Software sector.
  • This is The Carlyle Group’s 252nd and Ardian’s 23rd transaction in the United States.
  • This is The Carlyle Group’s 45th and Ardian’s 5th transaction in Texas.
Investment Fate
  • ECI Software Solutions was sold to a consortium of financial buyers in 2017.
  • ECI Software Solutions was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2014-03-12
Target ECI Software Solutions
Sector Software
Buyer(s) The Carlyle Group
Ardian
Sellers(s) Bregal Sagemount
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
Willkie Farr & Gallagher (Legal)

Target

ECI Software Solutions

Fort Worth, Texas, United States
ECI Software Solutions is a provider of industry-specific business software solutions and services, focusing on cloud-based technologies. ECI has served small to medium-sized manufacturing, wholesale/retail distribution, building and construction, and field service organizations. ECI Software Solutions was founded in 1998 and is based in Fort Worth, Texas.

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Buyer(S) 2

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 487 of 750
Sector: Software M&A 34 of 57
Type: Secondary Buyout M&A Deals 55 of 130
State: Texas M&A 45 of 51
Country: United States M&A 252 of 350
Year: 2014 M&A 8 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-03 Bonotel Exclusive Travel

Las Vegas, Nevada, United States

Bonotel is an aggregator and wholesale distributor of both branded and boutique luxury hotel rooms to a longstanding base of international wholesale clients. The Company works with a network of more than 2,200 hotel partners and provides seamless electronic distribution to more than 1,500 international tour operators through the Company’s IT platform.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 Traxys

Strassen, Luxembourg

Traxys is an intermediary between base metal, noble alloy, industrial mineral producers, and industrial end-users. The Company provides a full range of commercial services such as marketing, sales, distribution, hedging, supply chain financing, raw materials sourcing, credit risk coverage, and logistics. Traxys was founded in 1919 and is based in Strassen, Luxembourg.

Buy -
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 208 of 465
Sector: Software M&A 7 of 16
Type: Secondary Buyout M&A Deals 58 of 155
State: Texas M&A 5 of 8
Country: United States M&A 23 of 70
Year: 2014 M&A 3 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-12 Pets at Home Group

Handforth, United Kingdom

Pets at Home Group is a specialist retailer of pet food, pet related products and accessories. Pets at Home was founded in 1991 and is based in Handforth, the United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 ISS

Soborg, Denmark

ISS is a provider of workplace experience and facility management services, operating across regions including the UK, Ireland, the U.S., Canada, Switzerland, Germany, Australia, New Zealand, Türkiye, Spain, Denmark, and various international markets. The company delivers a broad portfolio of offerings such as office space solutions, enhanced workspace services, and production-area support. Its cleaning services cover manufacturing sites, transport and infrastructure facilities, food-related environments, and hospitality or event venues.. ISS was founded in 1901 and is based in Soborg, Denmark.

Sell -

Seller(S) 1

SELLER

Bregal Sagemount

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 11 of 39
Sector: Software M&A 5 of 10
Type: Secondary Buyout M&A Deals 7 of 20
State: Texas M&A 2 of 4
Country: United States M&A 10 of 36
Year: 2014 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-18 AFS Technologies

Phoenix, Arizona, United States

AFS Technologies is a provider of fully integrated business software solutions, specifically engineered for the Food and Beverage industries. AFS new Service Oriented Architecture (SOA), based on Web Services and built on Microsoft. NET Framework 2.0, provides its customers with greater IT flexibility, increased scalability of their existing systems, and more powerful functionality, all at an affordable price. AFS Technologies was founded in 1985 and is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-02 MicroEdge

New York, New York, United States

MicroEdge LLC, is a provider of IT solutions to the grantmaking community, including private foundations, corporate philanthropy and employee giving programs, community foundations and various other giving organizations. The Company’s suite of products streamlines the full grantmaking lifecycle, from upfront submission through back-end evaluation and measurement, freeing up foundation staff to focus on issues more central to their organization’s mission.

Sell $160M