ECA International has received an investment from Pelican Capital
Founded in 1971, ECA International was established to research and publish reliable data to help companies evaluate and manage compensation and benefits for international employees moving around the world. It offers organizations of all sizes an unrivaled portfolio of data, calculation aids, assignment management software, reports and surveys, and provides services to more than 500 companies globally based in more than 70 jurisdictions, operating via its four offices in London, New York, Hong Kong and Sydney. ECA International has been a leading provider of knowledge, data and technology to help structure and manage international mobility programs.
Today, the group – comprising ECA International, Tracker Software Technologies (TST) and Global Expat Pay – has combined to create a single authoritative source of data and technology to support global mobility and human resources teams across the world. Through TST, the group also provides a unique database of tax and immigration rules that power its world-class Software as a Service (SaaS) platform to help companies manage compliance across their business travel and remote working programs.
With the acquisition of ECA International, Pelican Capital is backing the management team to transform its technology, integrate the constituent parts and accelerate the development of its SaaS businesses that help companies manage their internationally mobile workforce. Lincoln International served as the exclusive sell-side mergers and acquisitions advisor for ECA International, leveraging its strong UK network to source the investor best suited to unlocking ECA International’s potential in its next stage of development. Details of the transaction are undisclosed.
Edward Lethbridge, Managing Director and head of Lincoln’s UK Business Services Group, commented, “ECA International’s unique ownership structure, with 36 passive shareholders comprising some of the largest companies in the world, and its legacy-defined benefit pension scheme, was at risk of preventing the business from realizing its full potential. Pelican’s investment provides a clean exit for all stakeholders and puts in place the investment capital to realize management’s vision to create a truly world-class, tech-enabled business. Lincoln is proud to have played a leading role in this complex transaction.”
Lincoln provided the professionalism and transparency that our corporate shareholder base needed and after an exhaustive process, expertly run by the Lincoln team, we’re delighted to be working with Pelican Capital to build an integrated HR SaaS business focused on managing global mobility and cross-border working.
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