Leonard Green & Partners Acquires Majority Stake in ECI Software Solutions
November 19, 2020
Leonard Green & Partners will acquire a majority stake in ECI Software Solutions from funds advised by Apax Partners and The Carlyle Group; financial terms were not disclosed. Funds advised by Apax Partners will retain a minority stake. ECI is a Fort Worth, Texas–based provider of cloud-based ERP and vertical-market SaaS for small and medium-sized businesses, with ~1,700 employees and more than 22,000 customers.
- Buyers
- Leonard Green & Partners
- Targets
- ECI Software Solutions
- Sellers
- Funds advised by Apax Partners, The Carlyle Group
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Transaction Type
- Buyout
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