Private equity firm sells interest in HR specialist

ECI Partners, the growth-focused mid-market private equity firm with offices in Manchester and London, has sold its investment in Citation to Hg Capital, for about £10.5m.

Wilmslow-based Citation provides HR and employment law, health and safety and ISO Certification solutions to 16,000 SMEs.

In 2012, the shareholders of Citation had decided that they wanted to exit in full having grown the business successfully under their stewardship.

In what is still a rarity in private equity, ECI backed a ful... For the full story register now for free or login below...