Pelican Capital invests in ECA International, TST, and GEP

TST is a software platform designed to help global companies with immigration and tax compliance.

  • ECA provides data to help clients evaluate and manage compensation and benefits for international employees
  • GEP operates a combined data and payment service for expatriate and assignee remuneration
  • Pelican Capital is a London-based private equity firm

Pelican Capital has invested a significant capital in a group of three global mobility businesses, including ECA International, Tracker Software Technologies (TST), and Global Expat Pay (GEP).

No financial details of the transaction were disclosed.

ECA provides data to help clients evaluate and manage compensation and benefits for international employees moving around the world. The company is based in London.

TST is a software platform designed to help global companies with immigration and tax compliance. It is headquartered in Dublin, Ireland.

GEP operates a combined data and payment service for expatriate and assignee remuneration. The company is based in Windsor, England.

ECA made a significant strategic investment in GEP last year.

The group will help customers benchmark the remuneration of their global workforces, as well as navigate tax and immigration rules that come with overseas employee assignments, the release added.

“We believe the global mobility market is ready for a single point provider of services and we believe we can be just that,” said Richard Morrison, partner at Pelican Capital. “With high inflation in multiple jurisdictions driving increased demand for data and an ever-greater focus on regulatory compliance, we’re in an enviable position.”

Pelican Capital is a London-based private equity firm that invests in companies that need up to $25 million of equity.

Pelican Capital was advised by Stephenson Harwood (legal), Wilson Partners (financial diligence), Claritas (tax), Alembic Strategy (management diligence).