Bridgepoint Group Ltd
Bridgepoint is an American private equity group which focuses on acquiring market-leading businesses valued between €200m - €1bn. A secondary business, Bridgepoint Development Capital, specialises in investments in businesses valued up to €150m. Bridgepoint invests in 6 sectors: Business Services, Consumer, Financial Services, Healthcare, Manufacturing & Industrials, and Media & Technology.
Rating 2017: 3 portfolio companies reviewed: Pret a Manger, Care UK plc and Fat Face. All complied with the Guidelines.
Bridgepoint do not publish their annual accounts on their website, nor a link to Companies House. Neither do they offer information on who their investors are; additionally, a login is required in order to access any investor information.
PSC = Atlantic Investments Holdings Ltd, CH
- Bridgepoint Group Ltd, CH2
1. Subsids: Dec.31.2017 a/cs, p.11
2. Subsids: Dec.31.2017 a/cs, p.19
3. Subsids: Dec.31.2017 a/cs, p.9
- Care UK plc, ref
- Molton Brown
- Nov.2017—: Burger King UK franchise, link
- WT Foods todo, ref, todo, todo, Grace Foods UK, Grace Foods
- ERM, 2005 - May.2011, > Charterhouse Capital Partners. link
- PEI Media, ref
- Miller Homes, ref
- Robinia Care Group Ltd (Robina Holdings Ltd), Jul.2003-Jan.2006, > Barclays Private Equity (via Broomco (3988) Ltd). Provider of care to people with profound learning difficulties. link Name changed to "Solor Care Holdings Ltd" on Feb.2010 (Solor Care Group Holdings Ltd). Sept.2014: Partners Group AG + Duke Street LLP acquired Voyage Care Group. Feb.2015: Shareholder = Voyage Care Ltd (IP = Voyage Holdings Ltd; UP = Viking HoldCo Ltd).
- Leeds Bradford Airport, 2007 - Oct.2017, > AMP Capital. Bridgepoint acquired the airport following a decision by 5 West Yorkshire councils to privatise the airport "to ensure its continued expansion and improved service to its users". link
- 2014—: MoneyCorp, link
- Bridgepoint sold German speciality chemicals company Clariant Acetyl Building Blocks (CABB) to Permira, reaping a 2.4x money multiple.
- Mar.2007—: FatFace, a UK-based lifestyle clothing brand, was acquired by Bridgepoint and European Capital from US firm Advent International Corporation.ref,ref, ref
In Feb.2000, the founders sold a 40% shareholding to ISIS Equity Partners LLP.ref In May.2005, private equity firm Advent International bought ISIS EP's stake in the company.ref In Mar.2007, Bridgepoint Capital acquired the company.ref Website
- Sept.2020: BigHand Ltd, a provider of voice productivity software to the legal, healthcare and professional services market in the UK, was sold to Beverly Hills-based private equity firm Levine Leichtman Capital Partners LLC. Other services provided are delegation workflow, document creation, digital dictation and speech recognition, document styling and stamping and business intelligence. BigHand was previously owned by Bridgepoint Development Capital and LDC (a minority investor).ref,ref bighand.com
- Oct.2019: Bike24, a leading online cycling retailer, was sold to The Riverside Company. Bike24 offers components, apparel, and related equipment to consumers in Germany and across Europe.ref
- Jul.2004 - Jan.2010: Pets at Home Group plc Bridgepoint bought a majority stake of more than 60%.ref It was later sold to US private equity firm Kohlberg Kravis Roberts.
- Feb.2008 - May.2018: Pret a Manger was acquired by Bridgepoint (50%); Goldman Sachs (25%); Owners Julian Metcalfe and Sinclair Beecham (25%). McDonald's Corporation sold its 33% stake as part of the deal.ref Pret was sold to privately-held German conglomerate JAB Holding Company Sarl. ref,ref
- Aug.2003 - Jul.2006: All3Media Ltd was created to hold the business and assets of Chrysalis Television Group, Chrysalis Group plc's TV arm. The acquiring consortium was led by Bridgepoint Capital (1,390,029 A), Julian Burns (178,718 B), Stephen Morrison (178,718 B), David Liddiment (39,715 B). AR-Jul.2005, ref All3Media was sold to private equity firm Permira.
- May.2002: Bridgepoint made its first investments in WT Foods, Virgin Active and Hydrex.
- ??.2002: Golden Wonder was sold to Middle Eastern packaged goods company Longulf Trading UK Ltd.todo, todo, todo, link,todo,todo,todo,todo,todo,DDG
- Jun.2000: Coller Capital Ltd, leading a consortium of buyers, acquired the NatWest Equity Partners portfolio. Included were stakes in Golden Wonder crisps, Tetley Tea and Birmingham International Airport.ref,ref. Bridgepoint Capital continued to manage the portfolio. ref Golden Wonder was the subject of a secondary buyout in Jul.2000 from Legal and General Ventures, who were the lead investor in the original buyout from Dalgety plc in Oct.1995.ref
- May.2000: Bridgepoint Capital: NatWest Equity Partners was renamed by its new owners.ref Website.arch, Portfolio.arch (2002)
- Dec.1999: NatWest agreed to sell the management part of the business to its 150 employees. The portfolio was to be sold separately.ref,ref
- Oct.1999: NatWest put its non-core assets up for sale in an attempt to defend itself from a hostile takeover by Royal Bank of Scotland.ref
- 1984: NatWest Equity Partners was formed as the private equity arm of NatWest.