2024-11-22
IK Partners to acquire DRIESCHER
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2017-07-5
IK Investment Partners to support Third Bridge
IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that the IK Small Cap I Fund has reached an agreement with the founders and the management team to acquire a minority stake in Third Bridge (or “the Company”), a fast-growing primary research provider with a global footprint. Financial terms of the transaction are not disclosed.
Third Bridge provides its clients with unique insights into companies and markets through access to industry experts and market research. Serving a client base of over 300 customers, including private equity funds, consulting firms, hedge funds and corporates, Third Bridge has a global footprint, with six offices covering America, Asia and Europe. Since inception in 2007, the Company has doubled its turnover every two years, and now employs more than 550 people.
The Company’s strong growth has been supported by growth capital investor Beringea, which provided funding through its ProVen VCTs in November 2012. Under the agreement, Beringea will sell its shares in Third Bridge.
“As a client of Third Bridge, our paths have crossed many times, and we have always been very impressed by the Company and the exceptionally experienced management team. We share their values and vision for growth, and as a minority partner, we are proud to support the continued development of Third Bridge’s business model and expansion of the service offering,” said Pierre Gallix, Partner at IK Investment Partners and advisor to the IK Small Cap I Fund.
“Third Bridge has seen fantastic growth over the last 10 years, and the support from IK will enable us to maintain this strong performance, and bring us closer to our vision of being the first port of call for investors seeking the best intelligence. We are excited about working with the IK team, who share our ambitions and have a stellar reputation for supporting founder-led businesses,” said, Emmanuel Tahar, CEO and co-founder of Third Bridge.
Completion of the transaction is subject to legal and regulatory approvals.
For further questions, please contact:
IK Investment Partners
Pierre Gallix, Partner
Phone: +33 1 44 43 06 60
Mikaela Hedborg
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com
Third Bridge
Catherine Mulrine
Head of Marketing
Phone: +44 7717 452 952
catherine.mulrine@thirdbridge.com
Beringea
Charlie Hamilton, FieldHouse Associates
Phone: +44 7500 804 013
charlie@fieldhouseassociates.com
About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9 billion of capital and invested in over 100 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com
About Third Bridge
Third Bridge provides private equity firms, hedge funds and strategy consultants with the information they need to understand the value of their investment opportunities. The core offering includes expert consultations, interview transcripts and market intelligence reports that provide unique human insights into companies and markets. With headquarters in London, and offices in New York, Shanghai, Hong Kong and Mumbai, the company’s global footprint is far reaching and continually expanding. For more information, please visit www.thirdbridge.com
About Beringea
Beringea is one of the UK’s largest and most active growth capital investors. It helps high growth businesses scale, investing between £1m and £20m in companies with revenues over £1m p.a. Beringea has over £500m ($650m) under management and 65 portfolio companies across its US and UK offices. The company has delivered industry-leading investor returns over the last 35 years, investing in core areas including digital media, business software and services, and e-commerce.
