Bridgepoint to acquire Newbury Partners from Apollo.

Bridgepoint, a private equity company, agreed to acquire Newbury Partners, a middle-market secondaries investment company, from Apollo, an investment manager. Financial terms were not disclosed. “The addition of the Newbury team is a positive step in Bridgepoint’s evolution, as we continue to scale and diversify our platform. We have spent the past year evaluating the best route into secondaries, and the Newbury team brings proven expertise, strong relationships and an outstanding track record & data set which provides us with an attractive entry point from which to organically build a scaled platform,” Raoul Hughes, Bridgepoint Group CEO.