Bridgepoint Group plc

Equities

BPT

GB00BND88V85

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 11:35:18 2024-05-15 EDT			5-day change	1st Jan Change
234.2 ^GBX	-0.09%		+3.63%	-16.12%

05-02	Powell did it again
05-02	ANALYST RECOMMENDATIONS : AT&T, IBM, Meta Platforms, Starbucks, Netflix...

Alpha Financial Markets confirms BridgePoint takeover proposal

May 01, 2024 at 06:28 am

(Alliance News) - Alpha Financial Markets Consulting PLC shares soared on Wednesday, as it confirmed that BridgePoint Advisers Ltd is considering a cash offer.

Shares in Alpha Financial traded 40% higher at 468.75 pence late on Wednesday morning in London.

The Paris-based asset and wealth management and insurance consultancy said it was responding to media reports.

It confirmed the non-binding indicative proposal from BridgePoint, regarding a possible offer for its entire share capital. Alpha Financial said Cinven Ltd is also "considering a possible offer", but has not yet submitted any indicative proposal.

Alpha Financial said BridgePoint has until May 29 to announce its firm intention to make a takeover offer or to announce it does intend to make an offer, as does Cinven. The company confirmed that it "is now in an offer period".

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	ALPHA FINANCIAL MARKETS CONSULTING PLC	422 GBX	-2.99%	-1.63%	626M
	BRIDGEPOINT GROUP PLC	234.2 GBX	-0.09%	+3.63%	2.34B

Latest news about Bridgepoint Group plc

Powell did it again	05-02
ANALYST RECOMMENDATIONS : AT&T, IBM, Meta Platforms, Starbucks, Netflix...	05-02
Deutsche Bank likes TP ICAP but says sell CMC	05-02	AN
FTSE 100 treads water as Fed takes centre-stage	05-01	AN
Alpha Financial Markets confirms BridgePoint takeover proposal	05-01	AN
Alpha Financial Markets Consulting Confirms Takeover Interest Receipt	05-01	MT
Ofwat explores Thames Water break-up and sale - Telegraph	04-28	AN
Bridgepoint picks former William Hill CFO Prior as new finance chief	04-18	AN
Bridgepoint Appoints Successor to Outgoing CFO	04-18	MT
Bridgepoint Group Appoints Ruth Prior As CFO	04-18	RE
Bridgepoint Group plc Announces Chief Financial Officer Changes	04-18	CI
Bridgepoint Group plc Announces Directorate Changes	04-18	CI
Forward Global Family announced that it expects to receive funding from Bridgepoint Advisers Limited, Bridgepoint Group plc	04-10	CI
Nexity: corporate credit agreement amended	04-05	CF
Nexity: sale of activities to Bridgepoint finalized	04-03	CF
Nexity Closes EUR440 Million Sale of Residential Property Management Services Unit to Bridgepoint	04-03	MT
Bridgepoint Group plc completed the acquisition of Residential property management services unit of Nexity SA.	04-01	CI
Communications Services Up on Growth Bias -- Communications Services Roundup	04-01	DJ
Liberty Media Strikes 4.2 Billion-Euro Deal to Buy MotoGP Commercial Rights Holder	04-01	MT
Liberty Media's Formula One Group to Acquire MotoGP for $4.53 Billion in Cash, Stock, Debt	04-01	MT
Formula One Group (NasdaqGS:FWON.K) has entered into an agreement to acquire to acquire 86% stake in Dorna Sports, S.L. from Canada Pension Plan Investment Board and Bridgepoint Group plc and others for ?3 billion.	03-31	CI
Liberty Global in Talks to Buy MotoGP Owner for More Than $4 Billion	03-27	MT
Old demons return as tech takes a dive	03-15
ANALYST RECOMMENDATIONS : Abbvie, Align Technology; Ulta Beauty, United Airlines, Currys...	03-15
FTSE 100 Closes Down 0.4% After Rise in U.S. Inflation Data	03-14	DJ

Chart Bridgepoint Group plc

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Company Profile

Bridgepoint Group plc is a United Kingdom-based private equity and credit fund manager. It is focused on investing in middle-market businesses via four distinct fund strategies. Middle Market strategy is implemented via its flagship buyout fund, which invests in businesses typically valued between 250 million euro to one billion euro. Small Mid Cap strategy is implemented via Bridgepoint Development Capital, which is focused on investing in small mid-cap companies valued upto Â£200 million. Small Cap strategy is implemented via Bridgepoint Growth, which is focused on companies using digital technologies to achieve transformational growth in their end-markets, typically seeking equity investment of between Â£5 million to Â£20 million. Credit strategy is implemented via Bridgepoint Credit, is its private credit platform that invests across the capital structure and risk-reward spectrum through three complementary strategies of Syndicated Debt, Direct Lending and Credit Opportunities.

Sector

Investment Management & Fund Operators

Calendar

11:00am - Annual General Meeting

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Ratings for Bridgepoint Group plc

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.344 GBP

Average target price

2.782 GBP

Spread / Average Target

+18.71%

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