November 20, 2020

Apax Partners sells ECI Software Solutions to LGP and scores over 4x return

Nicolas Cole

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

Nicolas Cole

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