ECI Partners hits 3.7x return on KB Associates exit | AltAssets Private Equity News

▤ Summary

ECI Partners has achieved a 3.7x return for its full realisation of KB Associates, a global provider of management and consulting services. KB Associates will now join Waystone Group, an institutional governance, risk and compliance service provider. Following the close of the transaction, KB Associates founder Mike Kirby will become the executive chairman of Europe and a board member at Waystone. This realisation clearly demonstrates the growth and resilience of the compliance and fund governance subsector.” Squire Patton Boggs and A&L Goodbody advised ECI Partners and KB Associates on the deal. KB Associates offers governance, regulatory and related consulting services to the asset management sector.

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