We’re thrilled to announce that ECI has been recognised in three separate categories by the Unquote British Private Equity Awards’ independent judging panel. The awards honour excellence within the private equity community and those supporting the growth of British businesses.
ECI has been nominated as the Mid-Market Buyout House of the Year 2023, recognising an exceptional 12 months which saw ECI deliver proceeds of £1.1bn and achieve an average gross return of 4.7x over 7 exits during the judging period.
Our realisation of programmatic media partner, MiQ, has been recognised in the Mid-Market Exit of the Year category, a true organic growth story with the business achieving 27% revenue and 31% EBITDA CAGR during the investment period, culminating in a 6.1x return. It is reflective of the exceptional team we backed, with co-founders Gurman Hundal and Lee Puri delivering a hugely successful US expansion strategy and scaling the business from 350 people at investment to over 1,000 at exit.
It is also fantastic to see Tusker recognised in the ESG Deal of the Year category. Paul Gilshan and the Tusker team not only made significant progress in ensuring Tusker was one of the most affordable and easy ways for people to access an electric vehicle, but they also made significant progress in reducing Tusker’s own environmental impact. A great example of being able to deliver environmental impact, fantastic growth and an excellent return of 6.2x.
