IK sells minority stake in Third Bridge to Astorg

The exit comes three and a half years after IK acquired a minority stake in the company via IK Small Cap I fund. According to the GP, the company has since expanded its product offering globally, particularly in the US. 

According to data from Companies House, the company in 2019 generated a turnover of $31.9m and EBITDA of $1.3m. 

Following the deal, Astorg will own a minority stake in Third Bridge alongside the company's three original co-founders, Emmanuel Tahar, Joshua Maxey and Rodolphe De Hemptinne, who remain invested and active in the leadership of the business. 

The deal is subject to legal and regulatory approvals.

Company
Founded in 2007 and based in London, Third Bridge is a global research organisation, serving private equity funds, hedge funds, mutual funds and management consulting firms. It employs 1,000 people across eight offices in North America, Europe and Asia.

People
Third Bridge – Emmanuel Tahar (CEO, co-founder).
IK Investment Partners – Arnaud Bosc (partner).  
Astorg – François de Mitry (managing partner); Benoît Ficheur (partner).  

Advisers
Vendor – Jeffries (financial due diligence). 

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• Topics
• Exits
• UK / Ireland
• IK Investment Partners
• Astorg Partners
• United Kingdom