Eckoh Secures Future with Bridgepoint Acquisition
Deal News | Jan 20, 2025 | Bridgepoint
Bridgepoint, a prominent private asset growth investor, has successfully completed its acquisition of Eckoh plc, a leader in Customer Engagement Data Security Solutions, at a price of 54 pence per share. This transaction marks the first deployment from Bridgepoint's latest small-to-mid-cap fund, BDC V, which focuses on fast-growing companies with Enterprise Values up to 300 million. Following the acquisition, Eckoh will delist from the AIM market of the London Stock Exchange on January 21, 2025, transitioning to a private company under Bridgepoint's ownership. With a decade of strong performance in securing customer interactions in contact centers, Eckoh's mission is aligned with the increasing demand for secure and compliant customer experiences. Bridgepoint aims to support Eckoh's growth through geographic expansion and innovative product development, particularly strengthening its foothold in North America. Nik Philpot, CEO of Eckoh, expressed enthusiasm for the partnership, highlighting the potential for aggressive acquisitions and accelerated growth pathways. Alan Payne of Bridgepoint emphasized the mutual benefit from leveraging Bridgepoint's expertise in technology and financial services to propel Eckoh’s growth trajectory.
Sectors
- Technology
- Financial Services
Geography
- United Kingdom – Eckoh is listed on the London Stock Exchange and will be delisting as a result of the acquisition.
- North America – Future growth and expansion for Eckoh is targeted in this geography, indicated as a region with significant opportunities.
Industry
- Technology – The article involves a company providing technology solutions in Customer Engagement, Payment, and Data Security, ideal for Contact Centre markets.
- Financial Services – Bridgepoint, as a private asset investor, is involved in financial services, providing financial backing and strategic guidance.
Financials
- 54 pence per share – The acquisition price per share for Eckoh by Bridgepoint.
- Enterprise Value up to 300 million – The focus area for Bridgepoint Development Capital's investment strategy.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bridgepoint | Acquiring Company | Company | Bridgepoint is a leading private asset growth investor with extensive experience in backing high-growth technology and financial services companies. |
| Eckoh plc | Target Company | Company | Eckoh provides global Customer Engagement Data Security Solutions, especially focusing on the Contact Centre market. |
| Nik Philpot | Chief Executive Officer | Person | Nik Philpot is the CEO of Eckoh, overseeing its transition to a private company under Bridgepoint. |
| Alan Payne | Partner and Deputy Head | Person | Alan Payne is a Partner and Deputy Head at Bridgepoint Development Capital, emphasizing their strategy in the Eckoh acquisition. |