UK-based ECI Partners creates base in “most important market” with New York office launch

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UK private equity house ECI Partners has expanded to New York as it looks to drive further growth via its “single most important market”.

ECI has appointed Brett Pentz, pictured, as vice president in its commercial team to lead the newly-opened office on Madison Avenue.

Prior to joining ECI he held consulting roles at Bain and Teneo, having started his career in industry at health software vendor Epic.

More than a third of current ECI investments already have a presence in the US, and more than half plan to accelerate growth there, the firm said.

Lewis Bantin, partner and head of commercial team at ECI, said, “Despite the pandemic, 2020 was a very strong year for ECI, and it’s great to build on this momentum by launching our New York office and appointing Brett to our commercial team.

“The successful 2020 realisations of Mthree to Wiley, the sale and reinvestment into ATG with TA Associates and the sale of MPM to 3i, all of which had strong  US growth, underscores the importance of the US market to the companies we back.”

“Brett brings many years of experience working with leading companies across North America.

“By now having him on the ground, we are confident that we will be able to do even more to support our investments as they expand and grow in North America.”

ECI invests in growth businesses valued up to £250m. The firm, which manages about £1.7bn, is currently investing out of its ECI 11 fund, which it closed on its £700m hard cap in 2018 after just three months in the market.

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