ECI Partners, the UK-based private equity house, has acquired off-licence Bargain Booze from BWG, the food distribution and retailing business owned by buy-out group Electra Partners, for £63.5m (€92.5m).

ECI, which specialises in mid-market buy-outs, will provide strategic and financial support to the company, which operates 600 stores in the UK and hopes to open one new store a week.