ECI Invests in Technology Consultancy MThree

28 August 2018


Investment consolidates impressive year-on-year growth since 2010 for the global organisation.

London, 28 August 2018: ECI Partners, the UK’s leading growth-focused, mid-market private equity firm today announced that it has invested in MThree Corporate Consulting Limited (“MThree”). The company will continue to be led by founder and CEO, Alex Headley.

Global technology consultancy MThree works with financial services organisations and tech companies to provide expert technology capability. This is underpinned by its innovative ‘Alumni’ brand, which provides tailored sourcing and development of high-performing STEM graduates for global clients across banking and other business sectors.

Founded in 2010, MThree today employs more than 500 people with offices in six countries and across three continents. The investment from ECI will enable the Company to accelerate its organic growth strategy and international expansion.

With year-on-year growth and 2017 revenues up 31% to £32 million, MThree has experienced sustained demand from global investment and retail banking clients since inception. Earlier this year, MThree was named a talent partner for a Tier 1 US investment bank, further boosting its international business.

Demand for MThree’s services has been driven by a number of factors, including MThree’s client-first business model, which provides a blueprint for global talent development alongside expert technology and business consultancy. Increasing demand for tech talent, a competitive graduate marketplace, greater investment in technology budgets and a broad scope of regulatory and compliance obligations in financial services are additional, key factors driving growth.

Alex Headley, founder and CEO of MThree, said:

“At MThree we are focused on helping our clients meet their goals by providing great people. We turn degrees into fulfilling careers, giving graduates the skills required to bridge the gap between academia and the professional world. This, in turn, provides our clients with an influx of highly capable, highly motivated graduate tech talent who are already achieving unbelievable results. All of this is underpinned by expertise in our successful consulting practice, which gives us a deep understanding of the challenges our clients face.
“We’re immensely proud of our track record in helping promising students begin their careers with some of the world’s most exciting companies. We also see growing demand for our services as the global war for tech talent heats up. ECI has a strong track record in helping growth companies to realise their full potential, and today’s investment will help us to meet this growing demand.”

Richard Chapman, Partner at ECI, said:

“MThree operates in a very promising market and the Company has an excellent reputation with a stellar list of quality clients. We’re delighted to be partnering with Alex and his team as they execute their ambitious strategy for MThree and embark on their next stage of growth.”

About ECI

ECI Partners is the partner of choice for mid-sized growth businesses in the UK. It has an unrivaled track record in this space. Since 1990, ECI has achieved:

  • 100+ realisations achieving a gross return of 2.5x multiple and 36% IRR;
  • £2.6 billion EV acquired and £4.6 billion EV realised investments, and;
  • Generating a realised uplift of £2.0 billion in value for investors.

ECI is currently investing its tenth fund and recently announced the first and final closing of its eleventh fund at the hard cap of £700m.

With offices in London and Manchester, ECI invests in management buyouts, buy-ins and acquisition finance deals of growth companies valued between £20 million and £150 million. The business focuses on technological and market disruption as well as long-term structural trends in the TMT, business and financial services, and consumer sectors.

ECI Partners has a strong track record in the business and financial services sector. Recent successful exited investments in this area include Citation, Clarke Energy, Fourth and XLN. Current investments include insurance broker The Clear Group (2018), Make It Cheaper, the energy switching business for SMEs (2017), Edenhouse, the UK's largest independent SAP specialist (2017), Tusker, the UK’s market leading employee benefits car provider (2015), and award-winning online home insurance provider Avantia (2014).

ECI Partners currently manages approximately £1.7 billion on behalf of investors.

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