Bridgepoint buys developer Groupe CIR

At the time of publication, Bridgepoint was not available to comment on the transaction. However, a statement by the French competition authority confirmed the signing of a binding agreement between the parties involved.

Bridgepoint is currently investing from two funds: Bridgepoint Europe V, which closed on €4bn in 2015 and was 65% invested across 11 investments as of March 2017; and BDC III, which closed on its €600m hard-cap in 2016.

The GP will open a new office in Amsterdam in autumn to better cover the local market.

The CIR deal is subject to approval by the French authorities.

Company
Founded in 1987 and based in Paris, CIR focuses on real estate development, management and building rehabilitation. Within its group, the business include France Pierre Patrimoine, Compagnie Immobiliere de Restauration, CIR Investissement, Urban Premium and Urban Investissement.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Real estate
• France
• Industrials
• France
• Bridgepoint