WCI Consulting has been sold to TAKE Solutions, an Indian technology company with products backed by a strong domain expertise in Life Sciences and Supply Chain Management.
WCI Consulting is a leading Patient Safety and Compliance advisor to the Life Sciences industry. WCI founded pvnet and pvconnect, the industry’s primary fora for Patient Safety, which for 10 years have been shaping the industry’s approach to pharmacovigilance. The acquisition of WCI Consulting establishes a presence in Europe for TAKE, a market previously served remotely from TAKE’s established geographies.
This is the second business to be sold from WCI Group, in which ECI invested in 2002.
The remaining interest in WCI Group is a substantial stake in Harmoni, a leading
independent provider of primary care services in the UK. The longer than normal hold period demonstrates ECI’s willingness to back management teams to create value over the long term.
Almost half of all businesses ECI has sold since 2006 have gone to international trade buyers (this is ECI’s fifth exit to an international trade buyer since 2006) again highlighting ECI’s ability to find the right strategic acquirer for its market leading portfolio companies.
‘We wish Jim Tizzard and his team all the best with TAKE," says Sean Whelan, managing director at ECI Partners. "They have done a great job over the years and I am sure
will continue to lead the world in their field.’
