Announced

Completed

BlackFin Capital Partners completed the acquisition of a majority stake in Groupe CIR from Bridgepoint.

Synopsis

BlackFin Capital Partners, a European investor in the financial services sector, completed the acquisition of a majority stake in Groupe CIR, a provider of savings products based on underlying city-center real estate, from Bridgepoint, a British private investment company. Financial terms were not disclosed. "Capitalizing on our Group’s unique positioning in France, we are keen to participate in growth of a savings market fueled by strong demand from private and institutional investors by proposing a broad range of high-quality and environmentally sustainable investment opportunities based on underlying real-estate assets," Franck Temim, Groupe CIR CEO.

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