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New Deal


Announced

Bridgepoint to acquire a 28% stake in Cyrus Conseil.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For28%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Asset Managers and Custodians

Single Bidder

Friendly

Acquisition

France

Private

wealth management

Pending

Minority

Private Equity

Synopsis

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Bridgepoint agreed to acquire a 28% stake in Cyrus Conseil, a French wealth management firm. Financial terms were not disclosed. Meyer Azogui, Cyrus President, said the firm wanted to take part in the consolidation of the wealth management consultancy market in France and therefore wanted to tap the financial resources and advice of Bridgepoint, which has more than $17.8bn in assets under management.

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