EQT-backed Evidia bags 4ways from ECI Partners

• ECI Partners first invested in 4ways in 2018
• EQT invested in Evidia in 2021 via its EQT Infrastructure fund
• EQT is a global investment organisation that manages €113bn in assets

EQT-backed Evidia has acquired 4ways, a UK and European tele-diagnostic company, from ECI Partners.

4ways is headquartered in Hertfordshire, England.

ECI Partners first invested in 4ways in 2018. This acquisition represents a full realisation for ECI, generating a 2.7x return.

4ways has seen consistent growth by more than 20 percent per annum since ECI invested in the company, according to a release.

“During our partnership we’ve supported Ajay and the team to increase 4ways’ investment in technology, AI and automation, further enhancing patient safety, reporting accuracy and clinical outcomes,” said George Moss, partner at ECI Partners.

Evidia’s investment in 4ways will extend Evidia’s existing teleradiology capabilities, the release said.

EQT invested in Evidia in 2021 via its EQT Infrastructure fund.

Evidia is a radiology and radiotherapy services provider in Germany, Sweden, and Norway. The company is based in

EQT, based in Stockholm, Sweden, is a global investment organisation that manages €113 billion in assets.

London-based ECI is a private equity investor, focused on offering collaborative support to management teams. The firm manages funds of over £2 billion and invests in growth businesses valued up to £300 million.