We’re delighted to announce the successful sale of Bionic, the leading marketplace in the UK for SME services, to OMERS Private Equity, generating a return of 4.8x following a five-year partnership.
Bionic is the smart way for Britain’s SMEs to sort their business essentials such as energy, connectivity, insurance and finance. Their tech-enabled experts make life easier for small business owners, removing the faff and saving them time and money.
Bionic successfully made six acquisitions during our investment and it will continue to deliver on this buy and build strategy with OMERS to further expand its capability and offering to customers. ECI partnered with Bionic in 2017 when it was still called Make it Cheaper. Since then the business has significantly transformed; rebranding to Bionic, building out product offerings, increasing routes to market and investing in market-leading digital propositions and technology. The team has also continued to build on their fantastic employee experience, with Bionic achieving a successful 7th place ranking in the Top 100 Best Companies to Work For.