Crescent Capital Group LP, a leading alternative credit investment firm, has announced that its European Specialty Lending strategy is providing financing to support the acquisition of Paragin by U.K.-based private equity firm ECI Partners. The acquisition marks a key step in strengthening Paragin’s position in the global exam and assessment software market, while enabling the company to accelerate its international expansion plans. Paragin was previously owned by Main Capital Partners.
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Headquartered in the Netherlands, Paragin is a well-established provider of digital exam and assessment software designed to support the entire learner lifecycle. Its integrated suite of solutions enables educational institutions and organizations to manage high-stakes exams, assessments, and training processes efficiently and securely. The company serves a wide range of customers, including vocational and higher education institutions, examination bodies, and commercial education providers.
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Paragin has built a strong presence in the Benelux region, becoming a market leader through a combination of organic growth and strategic acquisitions. Its acquisitions of companies such as Sowiso, Coachview, and Xebic have helped expand its technology capabilities and customer reach. Today, Paragin employs approximately 120 professionals and supports more than 1,250 customers across over 20 countries, reflecting its growing global footprint.
With the support of ECI Partners and Crescent Capital, Paragin plans to continue expanding internationally and strengthening its product offerings. The financing provided by Crescent Capital is designed to offer flexible capital that aligns with the company’s long-term growth strategy and supports continued innovation in digital assessment technology.
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Christine Vanden Beukel, Managing Director and Head of Crescent Capital’s European Specialty Lending strategy, stated that Paragin has established itself as a leading provider of critical assessment software with strong growth potential. She added that Crescent Capital is pleased to partner again with ECI Partners, highlighting their established relationship and shared commitment to supporting companies with scalable growth opportunities.
The transaction reflects Crescent Capital’s continued focus on supporting technology-driven companies through customized financing solutions, while reinforcing its role as a key partner for private equity firms seeking to invest in high-growth businesses across Europe and beyond.
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