Milana Vinn

The sale process is in the early stages and is expected to kick-off in a few weeks, the people said.

Vitruvian invested in Unifaun in February 2016 when it acquired a controlling stake in the company from Bridgepoint Development Capital.

Both large private equity firms and strategics are expected to be in the mix, sources said.

The sale process for MacStadium has passed its first-rounds and has attracted a wide range of interested parties.

As part of the deal, certain funds of NB Renaissance will invest new equity in the company alongside Bain, while Apax will exit its position in Engineering in full.

The process for the software company, which provides technology for board members and senior executives, is kicking off now.

In 2019, investments in the space reached an all-time high of $6.37 billion, a 33.9 percent of the historical total.

Marlin Equity acquired the company in July 2017 and has completed one add-on in the period since.

Apax hopes to command a price for the stake sale that assigns ECi a total valuation of $2.5 billion, a source said.

TA Associates also invested new capital in the company out of newly raised TA Select Opportunities fund