ECI Partners has acquired Paragin
Paragin
Paragin Group is a leading provider of high-stakes exam and assessment software, supporting organizations that rely on secure, reliable and scalable digital assessment processes. Its cloud-based solutions underpin mission-critical workflows across the full assessment lifecycle, from test design and delivery to evaluation, certification and reporting.
Established in the Netherlands in 2000, Paragin has grown into a market-leading EdTech software provider, offering a range of SaaS solutions focused on the development and assessment of knowledge and competencies of people in all phases of their learning journeys.
The Deal
ECI Partners has acquired Paragin to support the company’s next phase of growth and its international expansion. The transaction builds on ECI’s long-standing experience in scaling market leading technology companies and its track record in the EdTech sector.
Lincoln’s Capital Advisory Group served as sole debt advisor to ECI Partners and Paragin. Lincoln ran an accelerated lender process focused on funds highly active in the Benelux market and with a profound understanding of SaaS businesses, resulting in a tailored acquisition and growth financing package with bespoke terms.
Our Perspective
Paragin’s resilience and strong revenue performance, together with ECI Partners’ proven track record in technology investing, generated swift lender engagement and support. The financing package reflects strong lender demand, conviction in the acquisition and in Paragin’s growth plan. Lincoln’s Capital Advisory Group was pleased to support the sponsor and lender on this transaction.
ECI Partners
ECI is a private equity investor focused on working collaboratively with management teams. The firm manages c.£3 billion in funds and invests in growth businesses valued up to £300 million, as either a majority or minority investor. ECI supports teams across areas including M&A sourcing and execution, market entry strategy, employee engagement and scaling technology platforms.
Meet our Senior Team
View More Transactions in Capital Advisory
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.