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CSL

Telecom·UK·Exited 2025·Held 7yr
Entry
2018
Hold
7yr
Exit
2025

Who owns CSL?

CSL is a British Telecom company, formerly owned by ECI Partners and Bowmark Capital, exited in 2025 (exit via Continuation Vehicle). No current private equity owner is on file.

Hand-verified · updated 2026-04-21

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ECI Partners
Most recent investor
ECI Partners
ECI 11 · 2018 · Buyout
2 ownership periods · full history below

Key facts

HQUK
SectorTelecom
Key takeaways
  • ·Fully exited in 2025 to ECI-managed continuation fund (backed by Carlyle AlpInvest, HarbourVest Partners and Pantheon).
  • ·Best return: 3.5x MOIC by ECI Partners (2025 exit).
  • ·Average hold across 2 realized cycles: 6 years.

Ownership history

2 ownership periods

Exited
Last exited in 2025 to ECI-managed continuation fund (backed by Carlyle AlpInvest, HarbourVest Partners and Pantheon).
Bowmark Capital
Bowmark CapitalExited 2016
2011 · 2016(5yr) · Bowmark Capital Partners IV · 2008 · Growth
Secondary · to ICONIQ Capital, Norland Capital and RIT Capital Partners

Bowmark Capital sold CSL to ICONIQ Capital, Norland Capital and RIT Capital Partners in 2016 after 5 years.

ECI Partners
ECI PartnersExited 2025
2018 · 2025(7yr) · ECI 11 · 2018 · Buyout
Continuation Vehicle · to ECI-managed continuation fund (backed by Carlyle AlpInvest, HarbourVest Partners and Pantheon)

ECI Partners sold CSL to ECI-managed continuation fund (backed by Carlyle AlpInvest, HarbourVest Partners and Pantheon) in 2025 after 7 years.

MOIC
3.5x

Questions

Who owns CSL?

CSL was formerly owned by ECI Partners and Bowmark Capital, exited in 2025. No current private equity owner is on file.

Who did CSL sell to?

ECI Partners sold CSL to ECI-managed continuation fund (backed by Carlyle AlpInvest, HarbourVest Partners and Pantheon) in 2025 (Continuation Vehicle), 3.5x return. Bowmark Capital sold CSL to ICONIQ Capital, Norland Capital and RIT Capital Partners in 2016 (Secondary).

Who has owned CSL over time?

CSL has been through 2 private-equity ownership periods: Bowmark Capital · via Bowmark Capital Partners IV · 2011–2016 · sold to ICONIQ Capital, Norland Capital and RIT Capital Partners · (Secondary); ECI Partners · via ECI 11 · 2018–2025 · sold to ECI-managed continuation fund (backed by Carlyle AlpInvest, HarbourVest Partners and Pantheon) · (Continuation Vehicle) · 3.5x.

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