Bridgepoint Group

{{Short description|UK-based private investment company}}

{{EngvarB|date=September 2021}}

{{Use dmy dates|date=September 2021}}

{{Infobox company

| name = Bridgepoint Group plc

| logo = Bridgepoint logo 2023.svg

| former_name = Bridgepoint Capital
NatWest Equity Partners

| type = Public

| traded_as = {{lse|BPT}}
FTSE 250 component

| key_people = Tim Score (chairman)
Raoul Hughes (chief executive)

| foundation = {{Start date and age|1984}}

| founder =

| location = London, England

| industry = Investment company

| products = Investments, private equity funds

| revenue = {{increase}} £428.1 million (2024){{cite web |url=https://www.bridgepointgroup.com/content/dam/bridgepoint/corporate2022/documents/financial-information/results_reports_presentations/2025/bridgepoint-fy-2024-results-announcement.pdf.downloadasset.pdf|title=Annual Results 2024 |publisher=Bridgepoint |access-date=13 March 2025}}

| revenue_year =

| operating_income = {{increase}} £110.0 million (2024)

| income_year =

| net_income = {{decrease}} £69.1 million (2024)

| net_income_year =

| aum = £38.7 billion (December 2024)

| subsid = Energy Capital Partners

| homepage = {{URL|www.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

Bridgepoint was founded as NatWest Equity Partners, a private equity firm part of NatWest. One of its early employees was William Jackson, who joined as a graduate in 1986.{{cite news|url= https://news.sky.com/story/london-listed-bridgepoint-eyes-successor-to-veteran-jackson-13083788|title=London-listed Bridgepoint eyes successor to veteran Jackson|date= 29 February 2024|newspaper=Sky News|access-date=2 December 2024}} The firm was renamed Bridgepoint Capital in May 2000 following a management buyout.{{Cite news|url=https://www.fnlondon.com/articles/nwep-becomes-bridgepoint-capital-20000515|title=NWEP becomes Bridgepoint Capital|access-date=13 September 2018|language=en-GB}}{{Cite news|url=https://www.fnlondon.com/articles/natwest-equity-partners-is-renamed-bridgepoint-capital-20000508|title=NatWest Equity Partners is renamed Bridgepoint Capital|last=Mehra|first=Nina|access-date=13 September 2018|language=en-GB}}

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.{{Cite news|url=https://www.fnlondon.com/articles/bridgepoint-closes-first-fund-since-independence-at-and-euro2bn-20020513|title=Bridgepoint closes first fund since independence at &euro2bn|last=Chinwala|first=Yasmine|access-date=13 September 2018|language=en-GB}}

The firm closed its Europe II fund in 2001{{Cite web|url=https://www.palico.com/funds/bridgepoint-europe-ii/fdc1e175e3fb4530bcbfb88392f93f28|title=Bridgepoint Europe II {{!}} Palico|website=www.palico.com|language=en|access-date=13 September 2018}} and its Europe III fund in 2005.{{Cite web|url=https://www.law360.com/articles/637048/bridgepoint-raises-4-3b-for-5th-middle-market-buyout-fund|title=Bridgepoint Raises $4.3B For 5th Middle-Market Buyout Fund - Law360|website=www.law360.com|language=en|access-date=13 September 2018}}{{Cite web|url=https://www.palico.com/funds/bridgepoint-europe-iii/5fd1bfbbad4a476eb5781c6b8a5b3ea8|title=Bridgepoint Europe III {{!}} Palico|website=www.palico.com|language=en|access-date=13 September 2018}} Bridgepoint closed its Europe IV fund in 2008 for €4.8 billion.{{Cite news|url=https://www.privateequityinternational.com/bridgepoint-closes-in-on-maiden-fund-iv-deal/|title=Bridgepoint closes in on maiden Fund IV deal {{!}} Private Equity International|date=5 January 2013|work=Private Equity International|access-date=13 September 2018|language=en-GB}}

In 2011, the firm was renamed Bridgepoint Advisers.Factset - Company id: 05FJQ5-E 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.{{cite news|title=NWEP renamed Bridgepoint Capital after MBO from NatWest |date=7 May 2000 |publisher=Bridgepoint Capital |url=http://www.bridgepoint.eu/default.asp?sID=1101380725703&sArticleID=1102951262685 |work=Bridgepoint |accessdate=3 June 2007 |url-status=dead |archiveurl=https://web.archive.org/web/20070705052208/http://www.bridgepoint.eu/default.asp?sID=1101380725703 |archivedate=5 July 2007 }}

In August 2018, Dyal Capital Partners acquired a minority stake in Bridgepoint.{{Cite news|url=http://www.pionline.com/article/20180813/ONLINE/180819981/dyal-capital-partners-takes-stake-in-bridgepoint|title=Dyal Capital Partners takes stake in Bridgepoint|last=Pielichata|first=Paulina|date=13 August 2018|work=Pensions & Investments|access-date=13 September 2018|language=en-US}}{{Cite news|url=https://www.wsj.com/articles/bridgepoint-to-sell-minority-stake-to-neuberger-berman-unit-1534009094|title=Bridgepoint to Sell Minority Stake to Neuberger Berman Unit|last1=Lim|first1=Dawn|date=11 August 2018|work=Wall Street Journal|access-date=13 September 2018|last2=Louch|first2=Will|language=en-US|issn=0099-9660}}

In 2021 Bridgepoint closed its £1.56 billion Bridgepoint Development Capital IV fund.{{cite news|url=https://www.penews.com/articles/bridgepoint-hits-1-5bn-hard-cap-on-lower-middle-market-fund-20200908|title=Bridgepoint hits £1.5bn hard cap on lower mid-market fund}} In July 2021, Bridgepoint Group was listed to the London Stock Exchange.{{cite news|url=https://www.bloomberg.com/news/articles/2021-07-21/bridgepoint-gets-3-9-billion-value-in-rare-london-buyout-ipo|title=Buyout Firm Bridgepoint Soars 28% in London Trading Debut|date=21 July 2021|newspaper=Bloomberg News|access-date=24 August 2021}}

In September 2023, it was announced that Bridgepoint would acquire Energy Capital Partners for £835 million.{{Cite web |last=Hoppe |first=Chris Cumming and Joseph |title=Bridgepoint to Acquire Renewables Investor Energy Capital Partners for $1 Billion |url=https://www.wsj.com/articles/bridgepoint-to-acquire-renewables-investor-energy-capital-partners-for-1-billion-1319b809 |access-date=2023-09-09 |website=WSJ |language=en-US}}{{Cite news |date=2023-09-06 |title=Bridgepoint Joins Infrastructure Rush With ECP Takeover |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2023-09-06/bridgepoint-joins-infrastructure-rush-with-835-million-ecp-deal |access-date=2023-09-09}}

Notable investments

{{div col|colwidth=20em}}

  • AHT Cooling Systems{{cite news|url=https://www.bloomberg.com/news/articles/2013-09-03/bridgepoint-agrees-to-buy-aht-cooling-from-quadriga|title=Bridgepoint agrees to buy AHT Cooling from Quadriga|date=3 September 2013|newspaper=Bloomberg| access-date=24 August 2021}}
  • ASK Italian{{cite web|url=http://www.bridgepoint.eu/en/news/press-releases/2015/bridgepoint-completes-gbp-250-million-acquisition-of-ask-italian-and-zizzi/ |title=Bridgepoint / Bridgepoint completes £250 million acquisition of ASK ITALIAN and ZIZZI |website=Bridgepoint.eu |date= |accessdate=2 March 2017}}
  • Burger King{{cite news|url=https://www.ft.com/content/1e998379-e519-34a3-b585-81ac5a1d6008|title=Private equity group Bridgepoint to buy UK Burger King franchise|date=16 November 2017|newspaper=Financial Times| access-date=24 August 2021}}
  • CAST{{Cite news|url=https://www.actusnews.com/en/cast/pr/2022/07/21/cast-completion-of-a-majority-stake-acquisition-of-cast-by-bridgepoint/|title=Completion of a majority stake acquisition of Cast by Bridgepoint|work=Actusnews Wire|access-date=2022-12-16|language=en-US}}
  • Care UK{{cite news|url=https://www.ft.com/content/80531dd4-271e-11df-b84e-00144feabdc0|title=Care UK goes private via Bridgepoint|date=3 March 2010|newspaper=Financial Times|access-date=24 August 2021}}
  • Deliveroo{{cite news|url=https://www.standard.co.uk/business/private-equity-group-bridgepoint-eyes-ps2-billion-london-ipo-itsu-deliveroo-b943134.html|title=Private equity group Bridgepoint eyes £2 billion London IPO to fund expansion into property and infrastructure|date=29 June 2021|newspaper=Evening Standard| access-date=24 August 2021}}
  • Dennis Eagle purchased August 1999[http://archive.commercialmotor.com/article/5th-august-1999/18/natwest-subsidiary-buys-dennis-eagle Natwest subsidiary buys Dennis Eagle] Commercial Motor 5 August 1999
    sold January 2004 to ABN Amro[http://archive.commercialmotor.com/article/15th-january-2004/7/eagle-strike Eagle strike] Commercial Motor 15 January 2004
  • Diaverum{{cite news|url=https://www.reuters.com/article/us-diaverum-m-a-idUKKCN1UP1YU|title=Bridgepoint tests appetite for $2.2 billion dialysis clinic firm Diaverum: sources|date=30 July 2019|website=Reuters| access-date=24 August 2021}}
  • Equativ[https://capitalfinance.lesechos.fr/deals/lbo/equativ-valorisee-plus-de-300-m-dans-un-buy-out-avec-bridgepoint-1910636 Equativ valorisée plus de 300 M€ dans un buy-out avec Bridgepoint], Capital Finance
  • ERM{{cite news|url=http://business.timesonline.co.uk/tol/business/industry_sectors/support_services/article578271.ece|archive-url=https://web.archive.org/web/20110612182941/http://business.timesonline.co.uk/tol/business/industry_sectors/support_services/article578271.ece|url-status=dead|archive-date=12 June 2011|title=Private equity firm close to sealing $530m deal to buy Bridgepoint|date=14 October 2005 |work=The Times|accessdate=29 May 2009 | location=London | first=Tom | last=Bawden}}
  • Fat Face{{cite news|url=https://www.reuters.com/article/uk-bridgepoint-fatface-idUKN2526348520070326|title=Bridgepoint to buy Fat Face for 360 million pounds|date=26 March 2007|website=Reuters| access-date=24 August 2021}}
  • Hobbycraft{{cite news|url=https://www.ft.com/content/be388ccc-4e21-11df-b48d-00144feab49a|title=Bridgepoint in talks to buy HobbyCraft|date=22 April 2010|newspaper=Financial Times|access-date=24 August 2021}}
  • Humanetics{{cite news| url=https://www.wsj.com/articles/bridgepoint-buys-safety-technology-holdings-from-golden-gate-1518560303 | work=Wall Street Journal| title=Bridgepoint Buys Safety Technology Holdings From Golden Gate | date= 13 February 2018|accessdate=31 August 2021}}
  • Infinitas Learning{{cite news|url=http://www.businessmole.com/compass-partners-acquire-three-assets-bridgepoint-e100m-deal/|title=Compass Partners acquire three assets from Bridgepoint in €100m deal|date=25 July 2018|newspaper=Business Mole| access-date=24 August 2021}}
  • Infront Sports & Media{{cite web|url=http://www.bridgepoint.eu/about-us/news-views/bridgepoint-reaches-agreement-acquire-infront-sports-media-ag|title=Bridgepoint Reaches Agreement to Acquire Infront Sports & Media AG|publisher=Bridgepoint.eu|access-date=5 September 2011|url-status=dead|archive-url=https://web.archive.org/web/20110927073604/http://www.bridgepoint.eu/about-us/news-views/bridgepoint-reaches-agreement-acquire-infront-sports-media-ag|archive-date=27 September 2011}}
  • Leeds Bradford Airport (now owned by AMP Capital){{cite web|url=https://www.yorkshireeveningpost.co.uk/news/transport/leeds-bradford-airport-sold-to-australian-investment-fund-1-8811675|title=Leeds Bradford Airport sold to Australian investment fund|website=Yorkshire Evening Post|accessdate=19 December 2017}}
  • Molton Brown{{cite news|url=https://www.fnlondon.com/articles/molton-brown-makes-for-bridgepoint-20050715|title=Molton Brown makes £100m for Bridgepoint|date=15 July 2005|newspaper=Financial News|access-date=24 August 2021}}
  • Moneycorp{{cite web|url=http://www.bridgepoint.eu/en/news/press-releases/2014/moneycorp-acquired-by-bridgepoint-in-transaction-totalling-gbp-212-million/ |title=Bridgepoint / Moneycorp acquired by Bridgepoint in transaction totalling £212 million |website=Bridgepoint.eu |date= |accessdate=2 March 2017}}
  • Monica Vinader{{cite web|url=https://www.bridgepoint.eu/about-us/news-and-insights/press-releases/2023/bridgepoint-announces-strategic-investment-in-monica-vinader-as-piper-and-winona-capital-exit |title= Bridgepoint announces strategic investment in Monica Vinader as Piper |website=Bridgepoint.eu |date= |accessdate=30 September 2023}}
  • Nordic Cinema Group{{cite news|url=https://www.fnlondon.com/articles/bridgepoint-doubles-money-on-cinema-exit-20170123|title=Bridgepoint doubles money on cinema exit|date=23 January 2017|newspaper=Financial News| access-date=24 August 2021}}
  • Pret a Manger[https://web.archive.org/web/20080627153604/http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/23/cnpret123.xml Pret a Manger to be sold to private equity] The Daily Telegraph'' 23 February 2008
  • Rodenstock{{cite news|url=https://www.buyoutsinsider.com/bridgepoint-acquires-rodenstock/|title=Bridgepoint acquires Rodenstock|date=1 February 2007|newspaper=Buyouts| access-date=24 August 2021}}
  • Safestore{{cite news|url=https://www.reuters.com/article/safestore-bridgepoint-idUKLNE62H04620100318|title=Bridgepoint plans to cut stake in Safestore by half|date=18 March 2010|website=Reuters|access-date=24 August 2021}}
  • Trustly{{cite web|title = Bridgepoint / Bridgepoint Development Capital Invests in European online payments services provider Trustly|url = http://www.bridgepoint.eu/en/news/press-releases/2014/bridgepoint-development-capital-invests-in-european-online-payments-services-provider-trustly/|website = Bridgepoint.eu|accessdate = 26 November 2015}}
  • Virgin Active{{cite news|url=http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article6261360.ece|title=Virgin Active seeks to grow la dolce vita |date=11 May 2009 |work=The Times|accessdate=29 May 2009 | location=London | first=Dominic | last=Walsh |archiveurl=https://web.archive.org/web/20090514062729/http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article6261360.ece |archivedate=14 May 2009}}
  • Wiggle{{cite news|url=https://www.independent.co.uk/news/business/news/bridgepoint-rides-wiggle-6273795.html |title=Bridgepoint rides off with Wiggle|date=8 December 2011|newspaper=The Independent| access-date=24 August 2021}}
  • Zizzi

{{div col end}}

See also

References

{{Reflist}}