Bridgepoint Group plc (BPT.L)
- Bloomberg
Buyout Firm Bridgepoint Weighs $2 Billion Sale of Software Provider Kyriba
(Bloomberg) -- Bridgepoint Group Plc is considering the sale of portfolio firm Kyriba Corp., in a deal that could value the treasury-management software provider at more than $2 billion, people familiar with the matter said. Most Read from BloombergOne of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache OvernightChina in Talks With Russia to Buy Oil for Strategic ReservesApple Shows AR/VR Headset to Board in Sign of Progress on Key Project Target and Walmart’s Deep Pain Coul
- Reuters
Consumer staples lift UK's FTSE 100 to fourth week of gains
(Reuters) -London's FTSE 100 rose on Friday and marked its fourth consecutive weekly gains with consumer staples and miners leading advances, while sports good retailer Frasers jumped after unveiling a new share buyback plan. The blue-chip FTSE 100 closed 0.3% higher, with Reckitt Benckiser Group climbing 3.1% after Barclays raised its price target on the Lysol cleaning products maker's stock. Other consumer staples including Unilever and Diageo were among the top gainers, benefiting from a weaker pound.
- Reuters
Bridgepoint buys majority stake in traffic software specialist from Porsche SE
Private equity company Bridgepoint Group has agreed to buy a majority stake in traffic and transport software maker PTV Group from parent Porsche SE for an undisclosed sum. Porsche SE, the largest shareholder in Volkswagen, said it would keep a 40% stake in the unit, whose software is being used by more than 2,500 cities and municipalities worldwide. "It is Bridgepoint's fundamental goal to invest in successful, sustainable companies in growth markets," said Carsten Kratz, partner and head of Germany, Austria and Switzerland at Bridgepoint.
