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FORT WORTH, Texas, Nov. 19, 2020 /PRNewswire/ — ECI Software Solutions (“ECI”), a leader in cloud-based business management software solutions for small and medium sized companies, today announced that Leonard Green & Partners (“LGP”) will acquire a majority stake in the company from funds advised by Apax Partners and The Carlyle Group. Upon completion of the transaction, funds advised by Apax Partners, which acquired ECI in 2017, will retain a minority stake in ECI. Financial terms of the transaction were not disclosed.
ECI is the premier provider of Enterprise Resource Planning (“ERP”) solutions, such as accounting, purchasing, warehousing and inventory management, to more than 22,000 customers globally. Under the Apax Funds’ and Carlyle’s ownership, ECI has experienced rapid growth both organically and through strategic M&A. Since 2017, ECI has made 15 acquisitions, helping it gain significant market share and scale internationally, with sizeable transactions in Europe and Australia consolidating its presence in those regions.
“The ECI team and I have had a powerful partnership with Apax and Carlyle as we have built the company into a leading SaaS business software solutions and services provider,” said Ron Books, ECI’s Chief Executive Officer. “They have been instrumental in the tremendous growth of our company, and we are proud …
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