Bridgepoint buys minority stake in Exile Group - report
London-listed private equity firm Bridgepoint Group plc has reportedly struck a deal to back a provider of data and intelligence to the global infrastructure and project finance industries.
According to SkyNews, Bridgepoint Growth has agreed to buy a minority stake in Exile Group, which was founded in 2013 in Deptford, south-east London.
The deal, which will be announced on Thursday, will see Exile's founders retain their majority stake in the company, Sky said.
Exile Group counts leading global banks, including Citi, HSBC and Santander, among its clients, providing proprietary data and intelligence as well as specialist events to the export, project and development finance markets.
In addition to banks, its products are used by export credit agencies, development finance institutions, law firms and other borrowers.
Bridgepoint, which counts Burger King UK and MotoGP among its current and former investments, has previously backed high-growth events and information services businesses such as Helio Intelligence and PEI Media.
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