HBI Deals+Insights / M&A/IPOs

ECI targets medical compliance with Citation deal

Private equity house ECI Partners has purchased UK compliance consultancy Citation. The deal values Citation at £50m, over three times its 2011 sales of £15.4m and 15.15 times its 2011 EBITDA of £3.3m. Citation provides employment and health and safety compliance services to small- and medium-sized enterprises (SMEs) across the UK. We talk to Richard Chapman, Head of Business Services at ECI Partners, to find out more about the compliance space, and why Citation could be a promising platform for a host of new legal services.

We would welcome your thoughts on this story. Email your views to Max Hotopf or call 0207 183 3779.