ECM Capital completed the acquisition of ACADEMY Holdings.

ECM Capital, a private equity firm, completed the acquisition of ACADEMY Holdings, ACADEMY Holding AG (‘ACADEMY Group’ or the ‘Group’), a provider of invoicing, factoring, driving instructor training and franchise services in the German driving school market. Financial terms were not disclosed. "Having ECM on board opens up new opportunities for us. We want to further increase our range of services and the added value for our clients and to grow with new clients. We are very happy to have ECM as a partner on our side for this undertaking. We are proud and grateful for our team and for the trust that our loyal clients have placed in us over the past 25 years," Matthias Wimpff, ACADEMY Board Member and Shareholder.