Bridgepoint Advisers

Bridgepoint is a pan-European private equity investor focused on acquiring middle market businesses valued up to €1 billion. Its investments have included the Azzurri Group, Element Materials Technology and Pret a Manger in the UK, Dorna in Spain, Balt, eFront and Histoire d'Or in France. It operates a second business, Bridgepoint Development Capital, which specialises in smaller cap businesses valued up to €150 million.[1][2]

Bridgepoint Advisers
Private Ownership, Limited partnership
IndustryPrivate equity
Founded1984 (1984)
HeadquartersLondon, W1
United Kingdom
ProductsInvestments, private equity funds
Total assets18 billion (£16 billion)
Websitewww.bridgepoint.eu

History

Bridgepoint was founded as NatWest Equity Partners, a private equity firm part of NatWest. The firm was renamed Bridgepoint Capital in May 2000 following a management buyout from NatWest Group.[3][4]

In May 2002, Bridgepoint closed its first fund following its independence from NatWest. The fund closed at €2 billion, and made its first investments in WT Foods, Virgin Active and Hydrex.[5]

The firm closed its Europe II fund in 2001[6] and its Europe III fund in 2005.[7][8] Bridgepoint closed its Europe IV fund in 2008 for €4.8 billion.[9]

In 2011, the firm is renamed Bridgepoint Advisers.[10]

In January 2015, Bridgepoint acquired French software firm eFront for a €300 million deal.[11]

In March 2015, Bridgepoint closed its latest €4 billion Bridgepoint Europe V fund, bringing to €20.5 billion the amount of committed capital raised to date.[12]

In August 2018, Dyal Capital Partners acquired a minority stake in Bridgepoint.[13][14]

Notable investments

See also

References

  1. Quinn, James (2010-09-25). "Bridgepoint staff share £44m pay pot despite a sharp drop in profits". ISSN 0307-1235. Retrieved 2018-09-13.
  2. "Bridgepoint / Bridgepoint Development Capital". www.bridgepoint.eu. Retrieved 2018-09-13.
  3. "NWEP becomes Bridgepoint Capital". Retrieved 2018-09-13.
  4. Mehra, Nina. "NatWest Equity Partners is renamed Bridgepoint Capital". Retrieved 2018-09-13.
  5. Chinwala, Yasmine. "Bridgepoint closes first fund since independence at &euro2bn". Retrieved 2018-09-13.
  6. "Bridgepoint Europe II | Palico". www.palico.com. Retrieved 2018-09-13.
  7. "Bridgepoint Raises $4.3B For 5th Middle-Market Buyout Fund - Law360". www.law360.com. Retrieved 2018-09-13.
  8. "Bridgepoint Europe III | Palico". www.palico.com. Retrieved 2018-09-13.
  9. "Bridgepoint closes in on maiden Fund IV deal | Private Equity International". Private Equity International. 2013-01-05. Retrieved 2018-09-13.
  10. Factset - Company id: 05FJQ5-E
  11. "Bridgepoint acquires business software solutions provider eFront". www.bridgepoint.eu. Retrieved 2019-03-23.
  12. "NWEP renamed Bridgepoint Capital after MBO from NatWest". Press Room. Bridgepoint Capital. 2000-05-07. Archived from the original on July 5, 2007. Retrieved 2007-06-03.
  13. Pielichata, Paulina (2018-08-13). "Dyal Capital Partners takes stake in Bridgepoint". Pensions & Investments. Retrieved 2018-09-13.
  14. Lim, Dawn; Louch, Will (2018-08-11). "Bridgepoint to Sell Minority Stake to Neuberger Berman Unit". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-09-13.
  15. Pret a Manger to be sold to private equity, The Telegraph, 23 February 2008
  16. "Leeds Bradford Airport sold to Australian investment fund". www.yorkshireeveningpost.co.uk. Retrieved 19 December 2017.
  17. Natwest subsidiary buys Dennis Eagle Commercial Motor 5 August 1999
  18. Eagle strike Commercial Motor 15 January 2004
  19. "Bridgepoint / Moneycorp acquired by Bridgepoint in transaction totalling £212 million". Bridgepoint.eu. Retrieved 2017-03-02.
  20. Walsh, Dominic (May 11, 2009). "Virgin Active seeks to grow la dolce vita". London: The Times. Archived from the original on 14 May 2009. Retrieved 2009-05-29.
  21. Bawden, Tom (October 14, 2005). "Private equity firm close to sealing $530m deal to buy Bridgepoint". London: The Times. Retrieved 2009-05-29.
  22. "Bridgepoint / Bridgepoint completes £250 million acquisition of ASK ITALIAN and ZIZZI". Bridgepoint.eu. Retrieved 2017-03-02.
  23. "Bridgepoint / Bridgepoint Development Capital Invests in European online payments services provider Trustly". Bridgepoint.eu. Retrieved 2015-11-26.
  24. Bridgepoint Acquires Inspiring Learning, The PIE, 23 November 2016


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