Bridgepoint to acquire minority stake in French Bee2link.

Bridgepoint Development Capital, the smid-cap division of the international private equity group, Bridgepoint, is set to acquire a minority shareholding in bee2link – a publisher of SaaS software and digital solutions for automobile players. Financial terms were not disclosed. Supported by BDC, Xavier Cotelle and his team will continue to develop bee2link, focusing particularly on the company's European expansion. Xavier Cotelle and the management team reinvested significantly in the transaction and will continue to manage bee2link. "In a rapidly changing automobile market, bee2link is a pioneer in the digitalization of automotive retail businesses. Its solutions cover the entire value chain and are extremely popular with leading global manufacturers. We're delighted to partner with bee2link's management team, at the cutting-edge of digital innovation in the automobile industry. With our international network and additional financial resources, our aim to assist the company in accelerating its European expansion," Olivier Nemsguern, BDC Managing Partner.