ECI scores 2.6x return with Imagesound sale to Livingbridge | AltAssets Private Equity News
Summary
The deal comes six years after ECI bought the company, which it has transformed from predominantly UK-based to a global business, with international revenues accounting for more than half of total group revenues. Never miss a story – click to sign up to AltAssets’ free daily PE newsletter Its Imagesound brand provides in-store audio and visual solutions to blue-chip retail and leisure customers, while Music Styling aims to delivers a highly curated and bespoke service to high-profile international hotel and cruise groups. Livingbridge partner Matthew Caffrey said, “They have done a fantastic job growing Imagesound through the pandemic and the business is extremely well positioned for growth. Earlier this year ECI brought in a new investor relations manager amid a trio of new hires. Adam Whitfield was previously a senior associate at independent private equity fundraising advisory firm Rede Partners, where he worked on fundraises and advisory projects across strategies and asset classes.
Classifications
AskAI Classifications
LabelsLinked Companies
