Bridgepoint, one of the world’s leading quoted private asset growth investors, and Kyriba, the global leader in liquidity performance, have announced that Bridgepoint will reinvest in Kyriba following a period of record growth for the business and will remain the majority shareholder. In addition, Bridgepoint and Kyriba will welcome a new minority investor, General Atlantic, a leading global growth investor. The transaction, which values the company at over US$3 billion, is expected to close in Q4 2024.
Latham & Watkins LLP represents Kyriba and Bridgepoint in the transaction with a corporate deal team led by Paris partner Olivier du Mottay, New York partners David Allinson and Jane Greyf, with associates Said Bakir, Jen Oh, Daniel Maggen, and Anny Yang. Advice was also provided on benefits and employment matters by New York partner Bradd Williamson, London partner Sarah Gadd and Chicago counsel Leah Segall, with associate Drew Baker; on tax matters by New York partner Eric Kamerman and Paris partner Olivia Rauch-Ravisé, with associate Clémence Morel; on finance matters by Washington D.C. partners Jeffrey Chenard and Katherine Putnam and counsel Donald Cooley, with associates Josh Haberl and Mahika Narula; on Hart-Scott-Rodino matters by Bay Area partner Joshua Holian and Washington D.C. counsel Britton Davis, with associate Ben Bouwman; on Ex-US antitrust matters by Brussels/London partner David Little and Brussels counsel Tomas Nilsson, with associate Romain Perrois; on CFIUS matters by Washington D.C. partner Les Carnegie and counsel Catherine Hein; on sanctions matters by Washington D.C. counsel Andrew Galdes, with associate Matthew Crawford; on anti-bribery and anti-corruption matters, by Washington D.C. counsel Katherine Sawyer; on foreign direct investment matters by Hamburg partner Jana Dammann de Chapto, with associate Nicolas Jung; on data privacy matters by Bay Area partner Robert Blamires, with associate Deborah Hinck; and on intellectual property matters by New York partner Steven Betensky, with associate Alan Kim.
