It’s fantastic to be able to look back at an exceptionally strong 12 months for ECI, completing 10 exits and generating an average gross return of 4.2x over the last year.
Together, these exits delivered £1.3bn of proceeds, and include the recent sale of MiQ, one of the largest global programmatic media partners, for a 6.1x return, following a five-year partnership that saw MiQ execute an ambitious North American expansion strategy.
Other recent exits include Bionic, the marketplace for SME services, for a 4.8x return, with Bionic successfully making six acquisitions during our investment, and Content+Cloud, a leading technology services business, digital transformation partner and managed services provider, for a 4.1x return, following strong organic and acquisitive growth during our partnership.
Today’s figures highlight ECI’s continued strong record of providing hands-on support to portfolio companies looking to unlock growth opportunities. We work hand-in-hand with management teams, working alongside them on projects that drive value, such as international expansion, product strategy, or employee retention. These results also follow our expansion into the United States with an office in New York to support the international growth aspirations of its portfolio.