16 hours ago
Bridgepoint Is Set to Return €2 Billion to Investors in Weeks
Bridgepoint Group Plc is planning to return about €2 billion ($2.3 billion) to investors in one of its flagship funds over the next couple weeks, according to people familiar with the matter, at a time of increased focus on private equity returns.
The UK buyout firm generated part of the proceeds from the sale of its investment in MotoGP owner Dorna Sports S.L. to Liberty Media Corp. in a transaction valuing the company at €4.2 billion including debt, the people said. The rest came from the sale of French insurance broker Kereis to Advent at a €2 billion enterprise value, according to the people.
