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Bridgepoint Group

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Bridgepoint Group plc
FormerlyBridgepoint Capital
NatWest Equity Partners
Company typePublic
LSEBPT
FTSE 250 component
IndustryInvestment company
Founded1984; 40 years ago (1984)
FounderNatWest
HeadquartersLondon, England
Key people
William Jackson (chairman)
ProductsInvestments, private equity funds
RevenueIncrease £321.6 million (2023)[1]
Decrease £78.4 million (2023)[1]
Decrease £70.7 million (2023)[1]
AUM£41.0 billion (December 2023)[1]
Websitewww.bridgepoint.eu

Bridgepoint Group plc is a British private investment company listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

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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.[2][3]

In May 2001, 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.[4]

The firm closed its Europe II fund in 2001[5] and its Europe III fund in 2005.[6][7] Bridgepoint closed its Europe IV fund in 2008 for €4.8 billion.[8]

In 2011, the firm was renamed Bridgepoint Advisers.[9] 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.[10]

In August 2018, Dyal Capital Partners acquired a minority stake in Bridgepoint.[11][12]

In 2021 Bridgepoint closed its £1.56 billion Bridgepoint Development Capital IV fund.[13] In July 2021, Bridgepoint Group was listed to the London Stock Exchange.[14]

In September 2023, it was announced that Bridgepoint would acquire Energy Capital Partners for £835 million.[15][16]

Notable investments

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See also

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References

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  1. ^ a b c d "Annual Results 2023" (PDF). Bridgepoint. Retrieved 14 March 2024.
  2. ^ "NWEP becomes Bridgepoint Capital". Retrieved 13 September 2018.
  3. ^ Mehra, Nina. "NatWest Equity Partners is renamed Bridgepoint Capital". Retrieved 13 September 2018.
  4. ^ Chinwala, Yasmine. "Bridgepoint closes first fund since independence at &euro2bn". Retrieved 13 September 2018.
  5. ^ "Bridgepoint Europe II | Palico". www.palico.com. Retrieved 13 September 2018.
  6. ^ "Bridgepoint Raises $4.3B For 5th Middle-Market Buyout Fund - Law360". www.law360.com. Retrieved 13 September 2018.
  7. ^ "Bridgepoint Europe III | Palico". www.palico.com. Retrieved 13 September 2018.
  8. ^ "Bridgepoint closes in on maiden Fund IV deal | Private Equity International". Private Equity International. 5 January 2013. Retrieved 13 September 2018.
  9. ^ Factset - Company id: 05FJQ5-E
  10. ^ "NWEP renamed Bridgepoint Capital after MBO from NatWest". Bridgepoint. Bridgepoint Capital. 7 May 2000. Archived from the original on 5 July 2007. Retrieved 3 June 2007.
  11. ^ Pielichata, Paulina (13 August 2018). "Dyal Capital Partners takes stake in Bridgepoint". Pensions & Investments. Retrieved 13 September 2018.
  12. ^ Lim, Dawn; Louch, Will (11 August 2018). "Bridgepoint to Sell Minority Stake to Neuberger Berman Unit". Wall Street Journal. ISSN 0099-9660. Retrieved 13 September 2018.
  13. ^ "Bridgepoint hits £1.5bn hard cap on lower mid-market fund".
  14. ^ "Buyout Firm Bridgepoint Soars 28% in London Trading Debut". Bloomberg News. 21 July 2021. Retrieved 24 August 2021.
  15. ^ Hoppe, Chris Cumming and Joseph. "Bridgepoint to Acquire Renewables Investor Energy Capital Partners for $1 Billion". WSJ. Retrieved 9 September 2023.
  16. ^ "Bridgepoint Joins Infrastructure Rush With ECP Takeover". Bloomberg.com. 6 September 2023. Retrieved 9 September 2023.
  17. ^ "Bridgepoint agrees to buy AHT Cooling from Quadriga". Bloomberg. 3 September 2013. Retrieved 24 August 2021.
  18. ^ a b "Bridgepoint / Bridgepoint completes £250 million acquisition of ASK ITALIAN and ZIZZI". Bridgepoint.eu. Retrieved 2 March 2017.
  19. ^ "Private equity group Bridgepoint to buy UK Burger King franchise". Financial Times. 16 November 2017. Retrieved 24 August 2021.
  20. ^ "Completion of a majority stake acquisition of Cast by Bridgepoint". Actusnews Wire. Retrieved 16 December 2022.
  21. ^ "Care UK goes private via Bridgepoint". Financial Times. 3 March 2010. Retrieved 24 August 2021.
  22. ^ "Private equity group Bridgepoint eyes £2 billion London IPO to fund expansion into property and infrastructure". Evening Standard. 29 June 2021. Retrieved 24 August 2021.
  23. ^ Natwest subsidiary buys Dennis Eagle Commercial Motor 5 August 1999
  24. ^ Eagle strike Commercial Motor 15 January 2004
  25. ^ "Bridgepoint tests appetite for $2.2 billion dialysis clinic firm Diaverum: sources". Reuters. 30 July 2019. Retrieved 24 August 2021.
  26. ^ Equativ valorisée plus de 300 M€ dans un buy-out avec Bridgepoint, Capital Finance
  27. ^ Bawden, Tom (14 October 2005). "Private equity firm close to sealing $530m deal to buy Bridgepoint". The Times. London. Archived from the original on 12 June 2011. Retrieved 29 May 2009.
  28. ^ "Bridgepoint to buy Fat Face for 360 million pounds". Reuters. 26 March 2007. Retrieved 24 August 2021.
  29. ^ "Bridgepoint in talks to buy HobbyCraft". Financial Times. 22 April 2010. Retrieved 24 August 2021.
  30. ^ "Bridgepoint Buys Safety Technology Holdings From Golden Gate". Wall Street Journal. 13 February 2018. Retrieved 31 August 2021.
  31. ^ "Compass Partners acquire three assets from Bridgepoint in €100m deal". Business Mole. 25 July 2018. Retrieved 24 August 2021.
  32. ^ "Bridgepoint Reaches Agreement to Acquire Infront Sports & Media AG". Bridgepoint.eu. Archived from the original on 27 September 2011. Retrieved 5 September 2011.
  33. ^ "Leeds Bradford Airport sold to Australian investment fund". Yorkshire Evening Post. Retrieved 19 December 2017.
  34. ^ "Molton Brown makes £100m for Bridgepoint". Financial News. 15 July 2005. Retrieved 24 August 2021.
  35. ^ "Bridgepoint / Moneycorp acquired by Bridgepoint in transaction totalling £212 million". Bridgepoint.eu. Retrieved 2 March 2017.
  36. ^ "Bridgepoint announces strategic investment in Monica Vinader as Piper". Bridgepoint.eu. Retrieved 30 September 2023.
  37. ^ "Bridgepoint doubles money on cinema exit". Financial News. 23 January 2017. Retrieved 24 August 2021.
  38. ^ Pret a Manger to be sold to private equity The Daily Telegraph 23 February 2008
  39. ^ "Bridgepoint acquires Rodenstock". Buyouts. 1 February 2007. Retrieved 24 August 2021.
  40. ^ "Bridgepoint plans to cut stake in Safestore by half". Reuters. 18 March 2010. Retrieved 24 August 2021.
  41. ^ "Bridgepoint / Bridgepoint Development Capital Invests in European online payments services provider Trustly". Bridgepoint.eu. Retrieved 26 November 2015.
  42. ^ Walsh, Dominic (11 May 2009). "Virgin Active seeks to grow la dolce vita". The Times. London. Archived from the original on 14 May 2009. Retrieved 29 May 2009.
  43. ^ "Bridgepoint rides off with Wiggle". The Independent. 8 December 2011. Retrieved 24 August 2021.
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