Macfarlanes advises ECI Partners as twelfth fund closes at £1bn

Macfarlanes has advised long-standing client ECI Partners (ECI), a leading growth-focused, mid-market private equity firm, on the closing of its twelfth fund, ECI 12, at £1bn.

ECI is a leading private equity investor, focused on offering collaborative support to management teams. ECI manages funds of over £2bn and invests in growth businesses valued up to £300m, investing as either a majority or a minority investor.

ECI’s biggest ever fund, ECI 12 was oversubscribed at its final close with an excess demand of over £250m above the hard cap despite the widely reported challenging fundraising environment. ECI 12 has attracted high quality investors from across the globe, including new investments from large North American pension plans, European foundations as well as capital from Asia.

Macfarlanes have been ECI’s fund advisor since ECI 7 in 2000.

Jeremy Lytle, head of investor relations at ECI, commented: “We were delighted to work with Macfarlanes once again on the raising of our largest ever fund. Their excellent support and advice was a key part of the successful fundraising.”

The Macfarlanes team was led by private funds partner Stephen Robinson with assistance from associates Miriam Cable and Jack Engelberg. Tax advice was provided by senior advisor Mark Baldwin.