Bridgepoint closes Europe IV above target

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Fund

Bridgepoint has closed Bridgepoint Europe IV (BEIV) in excess of EUR4.8bn. The fund was launched with a EUR4bn target in October 2007. BEIV had reached its target in March 2008. Terms and conditions of the fundraising have not been disclosed.

Investors

128 institutional investors subscribed to the fund, of which 54% were from North America, 33% from Europe and 13% from the rest of the world. 45% of the investors were public pension funds, 12% were insurance companies, while funds-of-funds and corporate funds-of-funds accounted for 11% each. The fund had a high number of returning investors, who increased their commitments by 55% on average.

Investments

BEIV will follow Bridgepoint's investment strategy from previous funds and invest in companies with enterprise values of between EUR200-1bn. The vehicle plans to invest in buyouts, buy-ins and take-privates and can make equity investments of up to EUR350m on a single transaction. The fund expects to make between 20-25 buyouts.

Name: Bridgepoint Europe IV

Closed on: EUR4.8bn November 2008

Focus: Europe, buyouts

Address: Bridgepoint Capital Ltd, 30 Warwick Street, London, W1B 5AL

Tel: +44 20 7432 3500

Fax: +44 20 7432 3600.