|Bid||381.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||381.50 - 393.50|
|52-week range||374.00 - 571.00|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||0.41|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
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.
Private equity company Bridgepoint Group said its total assets surged 54% year-on-year in the first half of 2021 as Europe's economies recovered from the pandemic to boost its first results since listing in July. Shares in London-listed Bridgepoint are up more than a fifth since listing as demand for the 'alternative' asset class remains strong among investors. Bridgepoint said it had deployed 2.7 billion euros during the period, investing into six companies across the United Kingdom, United States, Ireland and Switzerland, compared with 600 million euros in the COVID-hit start to 2020.
Petershill Partners has minority stakes in 19 alternative asset companies — these have a combined $187bn of assets under management.