Business
Closing of ECP Transaction
Closing of ECP Transaction.
About this update from Bridgepoint Group Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER FOR SALE OF ANY SECURITIES OR AN OFFER OR INVITATION TO PURCHASE ANY SECURITIES IN ANY JURISDICTION OR A SOLICITATION OF ANY VOTE OR APPROVAL.\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\n \nBridgepoint Group plc (\"Bridgepoint\" or the \"Company\")\n \nBridgepoint announces closing of ECP transaction\n \nFurther to Bridgepoint's announcement on 6 September 2023 regarding the agreement to add Energy Capital Partners Holdings LP and affiliated entities (\"ECP\") to its platform and updates provided on 2, 19 and 20 October 2023, and 4 March 2024, the Company is pleased to announce today that closing of the transaction has occurred, creating a leading global private asset growth investor focused on the middle market.\n \nThe combined group encompasses private equity, infrastructure and credit investing, with a strong presence across Europe, North America and Asia. The transaction accelerates the Enlarged Group's growth ambitions, creating new opportunities for expansion due to complementary investment strategies and geographic footprints.\n \nBridgepoint remains confident in the transaction's ability to improve the Group's earnings quality and margin profile, while offering shareholders increased strategic diversification and the potential for enhanced earnings growth.\n \nRaoul Hughes, Chief Executive, Bridgepoint said: \"The addition of ECP is a transformational step for Bridgepoint and ECP, combining two complementary businesses to form a more global, better diversified middle-market private assets investment platform. This partnership strengthens our scale, strategic development and earnings quality, while broadening our growth potential. Bridgepoint is committed to delivering the benefits of the transaction by enhancing growth opportunities and offering a broader product mix to our combined investors. ECP has an exceptional leadership team and together with our new colleagues, we look forward to the exciting opportunities ahead.\"\n \nDoug Kimmelman, founder of ECP said: \"We're immensely excited and proud to join forces with ...