Private equity firm invests in former RIG client
Mid-market private equity firm ECI Partners has invested in former RIG client, Fourth Hospitality, a provider of back-office technology to the hospitality sector.
The funding from ECI will be used to continue Fourth’s growth internationally, finance new product development and fund new bolt-on acquisitions.
Fourth now operates in 20 countries, including the US, Russia, Germany and South Africa, and clients include Pizza Express, Fuller’s, and Hilton hotels. Its revenues in the year to August 2010 rose by 17 per cent.
For more information on Fourth Hospitality visit www.fourthhospitality.com
