Bridgepoint acquired Kyriba for $1.2bn.

Bridgepoint Capital, a pan-European private equity investor, acquired Kyriba, a San Diego-based developer of treasury-management software, in a deal which values the company at $1.2bn. Founded in 2000, Kyriba has raised around $150m in prior financing, including a $45m round led by Sumeru Equity Partners in 2017.