Bridgepoint to Reinvest in Kyriba, Alongside New Minority Investor, Common Atlantic

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Printed Oct 16, 2024 • 4 minute learn

SAN DIEGO — Bridgepoint, one of many world’s main quoted non-public asset progress traders, and Kyriba, the worldwide chief in liquidity efficiency, at present introduced that Bridgepoint will reinvest in Kyriba following a interval of document progress for the enterprise and can stay the bulk shareholder. As well as, Bridgepoint and Kyriba will welcome a brand new minority investor, Common Atlantic, a number one international progress investor.

The transaction, which values the corporate at over $3 billion, is predicted to shut in This fall 2024, and monetary phrases past this weren’t disclosed.

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Following 5 years of assist from Bridgepoint, Kyriba has grown considerably on this interval, tripling its software program income and evolving from a pioneer in treasury administration to the chief in liquidity efficiency options. Right this moment, Kyriba serves shut to three,000 clients in 170 international locations.

With a major funding from its newest flagship fund, Bridgepoint will assist Kyriba’s subsequent part of progress and mission to supply best-in-class liquidity efficiency options to firms around the globe trying to navigate growing volatility.

Partnering with Common Atlantic brings extra deep technological and operational experience to the enterprise.

Kyriba, Bridgepoint and Common Atlantic share a collective ambition to bolster Kyriba’s market management, whereas delivering gold customary cloud treasury and liquidity efficiency options for CFOs, treasurers, and finance groups, to assist them join, defend, forecast and optimize their liquidity, in addition to create worth for traders and an unimaginable place to work for Kyriba’s folks.

Kyriba Chair and CEO Melissa Di Donato stated: “With Bridgepoint as a trusted companion, we’ve achieved important progress and strengthened our management in liquidity efficiency. We’re excited to proceed our journey with Bridgepoint and now additionally Common Atlantic. Collectively, we’ll speed up our funding in expertise and expertise, creating innovation that we all know our clients will want sooner or later. This marks the start of a brand new period for Kyriba as we consolidate our place because the chief in liquidity efficiency, develop our enterprise and broaden our market share.”

David Nicault, Associate and World Head of Tech Funding at Bridgepoint, stated: “Our journey with Kyriba has been fairly exceptional. It started 5 years in the past with our partnership with Kyriba’s founder, Jean-Luc Robert, to assist the corporate’s transition into the clear chief in liquidity efficiency options. We’re excited to proceed working with Melissa Di Donato and her staff and welcome Common Atlantic. With an addressable market of $15 billion for enterprise liquidity efficiency and important white area, the expansion alternatives forward are huge, and we look ahead to supporting Kyriba because it reaches new heights.”

Gabriel Caillaux, Co-President and Head of EMEA at Common Atlantic, stated: “We view Kyriba as a class chief offering complete liquidity efficiency options to CFOs at a time when their features proceed to broaden in scope and depth. We look ahead to partnering with Melissa, the Kyriba administration staff and Bridgepoint to assist the corporate in driving additional product vary innovation and enterprise progress in what’s a big and sturdy market.”

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About Kyriba

Kyriba is a worldwide chief in liquidity efficiency that empowers CFOs, Treasurers and IT leaders to attach, defend, forecast and optimize their liquidity. As a safe and scalable SaaS resolution, Kyriba brings intelligence and monetary automation that allows firms and banks of all sizes to enhance their monetary efficiency and improve operational effectivity. Kyriba’s real-time knowledge and AI-empowered instruments empower its shut to three,000 clients worldwide to quantify exposures, undertaking money and liquidity, and take motion to guard steadiness sheets, earnings statements and money flows. Kyriba manages greater than 3 billion financial institution transactions and $15 trillion in funds throughout a number of banks yearly and offers clients full visibility and actionability, to allow them to optimize and absolutely harness liquidity throughout the enterprise and outperform their enterprise technique. For extra data, go to www.kyriba.com.

About Bridgepoint

Bridgepoint Group plc is likely one of the world’s main quoted non-public asset progress traders, specialising in non-public fairness, infrastructure and personal credit score.

With over €67bn ($72bn) of belongings beneath administration and a powerful native presence in Europe, North America and Asia, we mix international scale with native market perception and sector experience, persistently delivering sturdy returns by cycles.

About Common Atlantic

Common Atlantic is a number one international progress investor with greater than 4 many years of expertise offering capital and strategic assist for over 520 progress firms all through its historical past. Established in 1980, Common Atlantic continues to be the devoted companion to visionary founders and traders looking for to construct dynamic companies and create long-term worth. Guided by the conviction that entrepreneurs will be unimaginable brokers of transformational change, the agency combines a collaborative international method, sector-specific experience, a long-term funding horizon, and a deep understanding of progress drivers to companion with and scale progressive companies around the globe. The agency leverages its affected person capital, operational experience, and international platform to assist a diversified funding platform spanning Progress Fairness, Credit score, Local weather, and Sustainable Infrastructure methods. Common Atlantic manages roughly $97 billion in belongings beneath administration, inclusive of all methods, as of October 1, 2024 (primarily based on valuations as of June 30, 2024), with greater than 900 professionals in 20 international locations throughout 5 areas. For extra data on Common Atlantic, please go to: www.generalatlantic.com.