Apax Partners, the private equity investment group with headquarters in London, has scored a return multiple of over four times (4.2x) on the sale of its majority stake in ECI Software Solutions to Leonard Green & Partners.

According to PR Newswire, the exit of the Texas-based software firm generated an internal rate of return of 55%.

Apax will retain a minority stake in ECI Software while Carlyle, which had a minority shareholding, will fully exit.

Source: PR Newswire

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