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Transactions / E•• S••••••• S••••••••

E•• S••••••• S•••••••• to Be Acquired by L•••••• G•••• • P•••••••; Funds Advised by A••• P••••••• to Retain Minority Stake

Minority investmentannouncedannounced Nov 19, 2020Fact
What happened
Platform
not an add-on on record
Control
Minority
Share acquired
unknown
Industry
transportation_logistics / warehous
Target location
TX, US
Seller kind
Sponsor
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
7 named
Buy side
  • U•••• C•••••Deal partnerconfirmed
    U•••• C•••••, Partner at LGP, said: “We are delighted to be partnering with a mission-driven company like ECI, which is focused on supporting the activities and growth of small to medium-sized businesses around the world.
  • J•••• W•••••Deal partnerconfirmed
    J•••• W•••••, Partner at A••• P•••••••, said: “We have been proud to partner with Ron Books and the ECI management team over the past three years as they have executed their plan and transformed the Company through investment in products, international expansion and the completion of 15 acquisitions
  • L•••••• G•••• • P•••••••• L••• is a leading private equity investment firm founded in 1989 and based in Los Angeles.
Sell side
  • Upon completion of the transaction, funds advised by A••• P•••••••, which acquired ECI in 2017, will retain a minority stake in ECI.
Advisory side
  • L••••• • W•••••• L••Legal adviserconfirmed
    L••••• • W•••••• L•• acted as legal advisor to LGP.
  • B••• S••••••••• I•••Sell-side adviserconfirmed
    B••• S••••••••• is acting as lead financial advisor, Barclays as financial advisor, and Skadden, Arps, Slate, Meager & Flom as legal advisor to A••• P••••••• and ECI.
Side not stated
  • E•• S••••••• S•••••••• to Be Acquired by L•••••• G•••• • P•••••••; Funds Advised by A••• P••••••• to Retain Minority Stake
Evidence
E•• S••••••• S•••••••• to Be Acquired by L•••••• G•••• • P•••••••; Funds Advised by A••• P••••••• to Retain Minority Stake
E•• S••••••• S•••••••• to Be Acquired by L•••••• G•••• • P•••••••; Funds Advised by A••• P | Private Equity Intelligence | DFX