Bridgepoint has confirmed that it has acquired sandwich chain Prêt A Manger in a deal reported to weigh in at £345m. The investor has also announced that it has sold Concentric, an engineering company it has owned for ten years. Concentric has been acquired by Sweden-based Haldex, a quoted provider of technology solutions to the global vehicle industry, for an undisclosed sum. Concentric, headquartered in Birmingham, is a supplier of oil, water and fuel pumps for medium and heavy duty diesel engines. It was the subject of a £122m Bridgepoint-backed management buyout and de-listing in September 1998.
Georg Parlasca will remain in charge of operations and strategy as managing director
Apollo increases its stake after initially buying 48.67% of Gamenet from Trilantic in October 2019
Apax Partners acquired a stake in Idealista from Bonsai Venture Capital et al. in July 2015
HIG is currently investing from Growth Buyout Equity Fund III, which closed on $970m