Latest news with #Bridgepoint
Yahoo
30-05-2025
- Business
- Yahoo
Advent in talks to buy Kereis from Bridgepoint
Private equity firm Advent has initiated exclusive negotiations for the acquisition of Kereis, a multi-channel insurance brokerage in Europe, from private asset investor Bridgepoint. Terms of the potential deal remain undisclosed at this stage. The proposed acquisition is contingent on regulatory clearance and consultations with employees. Set up in 1991 with its headquarters in Paris, Kereis specialises in providing insurance broking services to insurers and banking partners. Kereis holds expertise in housing protection in France, overseeing more than 17 million contracts and supported by a workforce of more than 1,700 across seven European nations. Kereis CEO Philippe Gravier stated: 'This project opens a promising new chapter for Kereis, after 5 years of a successful partnership with Bridgepoint. 'We look forward to working closely with Advent as we continue to invest for the long term in our digital capabilities, expand into new markets, and deliver innovative solutions to our partners and clients across Western Europe.' Following the Bridgepoint partnering in 2020, Kereis has achieved a two-fold increase in revenue and has diversified into areas of corporate risk, health, and property and casualty (P&C) insurance. The company's growth and international reach have been significantly bolstered through mergers and acquisitions over the last three years. Advent director Hadrien de Bardies said: 'Our potential investment in Kereis builds on Advent's long-standing track record in financial services. We will leverage our global network and operational resources to help Kereis scale further, broaden its product offering, and strengthen its leadership position in the European market.' Advent's portfolio in the insurance sector includes investments in CCC Intelligent Solutions and Shift Technology. It also has history in France, stretching over 25 years and encompassing 15 platform deals with recent investments include Parfums de Marly – INITIO in 2023 and Mangopay in 2022. "Advent in talks to buy Kereis from Bridgepoint " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-04-2025
- Business
- Yahoo
Buyout barons in battle to extract £800m dentistry giant
A pack of private equity firms are battling to win control of MyDentist, the UK's biggest provider of NHS dental services. Sky News has learnt that Bridgepoint, Cinven and Triton Partners are among the parties which have submitted indicative offers for the business. TDR Capital, the owner of supermarket chain Asda, has also been participating in the sale process, banking sources said on Wednesday. Money latest: The scams most likely to catch each age group MyDentist's owners hope to attract a price tag of approximately £900m for the company, although any deal may value it at closer to £800m, according to insiders. A subsidiary of Integrated Dental Holdings, MyDentist operates from about 600 practices across the UK, and has been owned by Palamon Capital Partners since 2021. The company was previously owned by Carlyle, another major global private equity investor. The auction of MyDentist is being handled by bankers at Morgan Stanley. Read more from Sky News: It is taking place during a renewed period of scrutiny about the accessibility of NHS dental services across Britain. HIG Europe, another private equity firm, also bid for MyDentist, although it was unclear whether it remained in the auction. None of the parties contacted by Sky News would comment.
Sky News
02-04-2025
- Business
- Sky News
Buyout barons in battle to extract £800m dentistry giant
A pack of private equity firms are battling to win control of MyDentist, the UK's biggest provider of NHS dental services. Sky News has learnt that Bridgepoint, Cinven and Triton Partners are among the parties which have submitted indicative offers for the business. TDR Capital, the owner of supermarket chain Asda, has also been participating in the sale process, banking sources said on Wednesday. MyDentist's owners hope to attract a price tag of approximately £900m for the company, although any deal may value it at closer to £800m, according to insiders. A subsidiary of Integrated Dental Holdings, MyDentist operates from about 600 practices across the UK, and has been owned by Palamon Capital Partners since 2021. The company was previously owned by Carlyle, another major global private equity investor. The auction of MyDentist is being handled by bankers at Morgan Stanley. It is taking place during a renewed period of scrutiny about the accessibility of NHS dental services across Britain. HIG Europe, another private equity firm, also bid for MyDentist, although it was unclear whether it remained in the auction.
Sky News
19-03-2025
- Business
- Sky News
Burger King UK owner in talks about Whopper of refinancing
The owner of Burger King's main UK operation is opening talks with lenders about a major refinancing nearly eight years after buying the business. Sky News has learnt that Burger King UK, which is backed by the private equity firm Bridgepoint, is seeking an additional £40m of borrowing capacity to help finance the delivery of its business plan. The refinancing, which also includes £110m of existing debt, is to be discussed with prospective lenders in the coming days. Burger King UK owns just over half of the chain's nearly 600 British outlets, with the rest owned by other franchisees. Bridgepoint has already committed £35m of fresh equity as part of Burger King UK's business plan. The company intends to open more than 30 additional restaurants and remodel 50 of the existing estate. People close to the company said it was outperforming the wider Quick-Service Restaurant market in terms of like-for-like sales growth. Burger King's Gourmet Kings range has driven sales growth in higher-margin products, while its value platform has also been growing among price-conscious consumers, the people said. The chain recently ran a promotion called Whopper Day to give away a free burger to customers who had downloaded the Burger King app. DC Advisory, the investment bank, is working with Bridgepoint and Burger King UK on the refinancing. The company has been linked with a sale or stock market listing in the past, although an exit for Bridgepoint is not thought to be imminent.
Associated Press
19-03-2025
- Business
- Associated Press
Kyriba Names Tech Executive Alex Pinchev to Independent Advisory Board
Kyriba, a global leader in liquidity performance, announced today the appointment of Alex Pinchev to its Independent Advisory Board. Pinchev, an enterprise software industry veteran, brings more than 40 years of experience in the software business. Throughout his career, Pinchev has held the role of CEO with four companies, including Capri Ventures LLC, Acronis, MainControl and Interchip. He has also served as President of global sales, services, and field Marketing of Red Hat, Inc., and President of global sales and marketing of Rackspace Limited. As a seasoned company founder and advisor, Pinchev has held numerous public and private board roles for such organizations as BMC Software, SUSE, Qualys and Quantum Corporation. 'On the heels of four record-breaking quarters in 2024, Kyriba is primed for further growth in 2025. Key to achieving this unprecedented growth is turbocharging our Go-to-Market Strategy. I am confident that Alex's track record of success in scaling numerous technology companies will serve Kyriba well,' said Kyriba Chair and CEO Melissa Di Donato. Based in Dallas, Tex., Pinchev currently serves as Founder and Managing Partner of Capri Ventures, an early stage venture capital partnership focused on enterprise software, as well as Co-founder, Investor and Chairman of field service software company, FieldPulse. 'Kyriba's longtime market leadership, combined with its evolution and trajectory over the past two years under Melissa's leadership, has been nothing short of remarkable,' said Kyriba Independent Advisory Board Member Alex Pinchev. 'I welcome the opportunity to join such a well-positioned global company at a time when CFOs need innovative, secure liquidity performance solutions to navigate the economic volatility that has become the new norm.' Pinchev's appointment follows Kyriba's announcement in October 2024 that majority shareholder Bridgepoint has reinvested in Kyriba following a period of record growth. Kyriba and Bridgepoint also welcomed General Atlantic as a new minority investor. About Kyriba Kyriba is a global leader in liquidity performance that empowers CFOs, Treasurers and IT leaders to connect, protect, forecast and optimize their liquidity. As a secure and scalable SaaS solution, Kyriba brings intelligence and financial automation that enables companies and banks of all sizes to improve their financial performance and increase operational efficiency. Kyriba's real-time data and AI-empowered tools empower its close to 3,000 customers worldwide to quantify exposures, project cash and liquidity, and take action to protect balance sheets, income statements and cash flows. Kyriba manages more than 3 billion bank transactions and $15 trillion in payments across multiple banks annually and gives customers complete visibility and actionability, so they can optimize and fully harness liquidity across the enterprise and outperform their business strategy. SOURCE: Kyriba Copyright Business Wire 2025. PUB: 03/19/2025 08:47 AM/DISC: 03/19/2025 08:47 AM
