A&O Shearman advised Bridgepoint, one of the world’s leading quoted private asset growth investors, in a reinvestment in Kyriba, the global leader in financial liquidity performance, in a transaction that values the San Diego, California-based company at over USD3 billion.
The transaction is expected to close in the fourth quarter of 2024. The deal was announced on Oct. 16, 2024 in a press release. Financial terms were not disclosed.
Bridgepoint’s reinvestment in Kyriba comes after five years of support by Bridgepoint during which Kyriba has grown substantially, tripling its software revenue and evolving from a pioneer in treasury management to the leader in liquidity performance solutions. Kyriba currently serves close to 3,000 customers in 170 countries.
“We are delighted to have had the opportunity to work with Bridgepoint’s latest flagship fund to execute a transaction that will further the growth and development of such a cutting-edge industry leader as Kyriba,” said A&O Shearman partner Romain Dambre.
The A&O Shearman team that advised Bridgepoint was led by New York M&A partner Romain Dambre and associates Efren Lemus and Iqra Anees and included a cross-border and multidisciplinary team involving attorneys from our U.S., London and Paris offices, including New York M&A partner Beth Troy and associates Lucy Chen and Nwadi Oko as well as London M&A partner Chris Sabine and associate Lauren Mawhinney.
