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ECI kicks off 2024 with three promotions including two new Partners

by Jessica Weisman-Pitts
iStock 12212936641

ECI kicks off 2024 with three promotions including two new Partners

Following a highly successful 2023 with several successful exits plus the final close of its largest ever fund, ECI 12, ECI Partners has kicked off the new year with the promotion of two Investment Directors to Partner:

  • Daniel Bailey has been promoted to Partner having made an extensive contribution to ECI since joining in 2018. He has played a key role in several new investments including co-leading the recent investment in ISMS.online, a SaaS Information Security Management System. Other companies Daniel has worked closely with include BCN, CSL, Peoplesafe and Content+Cloud . He has also led 12 acquisitions across four portfolio companies, including the 2021 strategic acquisition of Sipcom, a Teams Voice and collaboration specialist, by Content+Cloud, contributing to ECI’s 4.0x return.
  • Rich Pearce has been an Investment Director in ECI’s Commercial Team since 2019 and has been instrumental in several recent investments: Ciphr, a specialist provider of SaaS HR, payroll, recruitment and learning software; BCN Group, the managed IT, cloud and digital transformation specialist; and most recently Commify, a European leader in business messaging solutions. He has also been the Commercial Team lead on four successful exits including MiQ which generated a 6.1x return on exit in September 2022, and Tusker which generated a 6.3x return in February 2023. Pearce has also played a key role in developing ECI’s People & Culture strategy, developing its People Toolkit, a repository of tools and case studies that portfolio companies can use to unlock the power of their people and create great places to work.

In addition to the new Partners, ECI Partners has also promoted Jin Ni Ooi to the role of Investment Manager within the Investment Team, after her outstanding support on the exit of 4Ways, a leading UK and European tele-diagnostic company, which resulted in a 2.7x return in 2023.

David Ewing, Managing Partner at ECI, said: “It’s fantastic to kick off the new year with three very well-deserved promotions, following a great end to 2023 with the announcement of the final close on our new fund, ECI 12.  We’re in a great place, starting the year with lots of available capital to deploy over the next three years, and a relatively small portfolio, so all of the ECI team are looking forward to a productive year working with exceptional management teams and helping them to unlock their growth potential.”

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