Thursday, 11 December 2008

ECI Partners raises £430 million for a new buy-out fund!

This is what I'm talking about! This is what I like to see! Credit crunch? What credit crunch? There ain't no friggin' credit crunch, man. You dreamed it. It was a nightmare. The private equity firm ECI Partners has managed to squeeze £430 million out of investors. How did ECI do it?

I have been speaking to Steve Tudge. This crazy cat is a member of ECI's investment committee, and this is what he told me: 'Mike, you know what we did? We took all our investors out into the desert, man, and gave them all a dose of medicine. You should have seen them. They stripped all their clothes off, and starting dancing, and hugging each other. We had a campfire raging the whole night. Flames to the sky! You dig? They were dancing around that. I swear - at one point - I saw the ghost of Jim Morrison, man! People don't believe me, but I saw him, man. With Arthur Rimbaud! Yeah. What a party! What a night! And in the morning, we got all the money we wanted. A decent pot of money. Our investors were only too happy to cough up.'