IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that the IK Small Cap I Fund has reached an agreement with the founders and the management team to acquire a minority stake in Third Bridge (or “the Company”), a fast-growing primary research provider with a global footprint. Financial terms of the transaction are not disclosed.
Third Bridge provides its clients with unique insights into companies and markets through access to industry experts and market research. Serving a client base of over 300 customers, including private equity funds, consulting firms, hedge funds and corporates, Third Bridge has a global footprint, with six offices covering America, Asia and Europe. Since inception in 2007, the Company has doubled its turnover every two years, and now employs more than 550 people.
The Company’s strong growth has been supported by growth capital investor Beringea, which provided funding through its ProVen VCTs in November 2012. Under the agreement, Beringea will sell its shares in Third Bridge.
“As a client of Third Bridge, our paths have crossed many times, and we have always been very impressed by the Company and the exceptionally experienced management team. We share their values and vision for growth, and as a minority partner, we are proud to support the continued development of Third Bridge’s business model and expansion of the service offering,” said Pierre Gallix, Partner at IK Investment Partners and advisor to the IK Small Cap I Fund.
“Third Bridge has seen fantastic growth over the last 10 years, and the support from IK will enable us to maintain this strong performance, and bring us closer to our vision of being the first port of call for investors seeking the best intelligence. We are excited about working with the IK team, who share our ambitions and have a stellar reputation for supporting founder-led businesses,” said, Emmanuel Tahar, CEO and co-founder of Third Bridge.
Completion of the transaction is subject to legal and regulatory approvals.