Latest news from Directorbank

24 February 2015

Congratulations to ECI partners on the sale of Wireless Logic for a 6.1x return

Directorbank congratulates ECI Partners on the recent sale of Wireless Logic to CVC Capital Partners for a stellar 6.1x return on investment.

We are proud to have played a part in this success by placing the Chairman of Wireless Logic back in 2011, at the time of ECI’s investment.

ECI Partners approached Directorbank to source a proven Chairman to steer the leading M2M business through an ambitious expansion phase. We successfully placed John Hawkins in the role. During John’s tenure, Wireless Logic expanded internationally opening offices in France, Germany and Spain. Its underlying subscriber base tripled to around 1.5m with profit and revenue growth in excess of 25% per annum.

This placement demonstrates our strong expertise in the Tech sector and our ability to deliver highly successful outcomes for our private equity clients. To view our TMT track record click here.

For more information of our executive search and pre-deal recruitment services, please contact James Searby on 020 7255 7940 or at j.searby@directorbank.com.