Bpifrance helps build Bridgepoint fund

Bridgepoint is targeting a $375m to $535m fund to target small and medium-sized enterprises, with Bpifrance putting in $80m.

Bpifrance, the public investment bank of France, has committed €75m ($80m) to an investment fund currently being raised by private equity firm Bridgepoint, Les Echos has reported.

Bridgepoint is targeting a close of €350m to €500m for the fund, which will focus on SMEs and subsidiaries of larger companies that are struggling financially and have been unable to attract other kinds of capital.

Dubbed Bridgepoint Special Opportunities, the fund will aim to address a lack of growth in these companies, with a particular focus on businesses that are struggling with the aftermath of the 2008 crisis.

The fund will target businesses with revenues between €50m and €300m.

Bridgepoint previously supported 13 SMEs in Edmond de Rothschild’s portfolio in 2014, helping to safeguard 7,680 jobs, reducing their debt and accelerating their international expansion efforts.

If the Special Opportunities fund proves successful, the firm will seek to duplicate its formula in markets such as Italy, Spain and Germany with a second vehicle.

See more from this Government Report: France

Back

Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. STT reinforces Armor with $89m investment

    April 06, 2017

  2. UK to review tax breaks

    April 03, 2017

  3. BDC helps accelerate Calgary startups

    April 13, 2017

  4. Arralis appears on Hong Kong-based consortium’s radar

    April 05, 2017

  5. Tianjin City launches $17.4bn fund

    April 13, 2017

Events

  • 23 May - 24 May, 2017

    GCV Symposium 2017 - London

    Join 400+ business leaders from the corporate venturing and wider high growth business ecosystem for the two-day 2017 GCV Symposium.

  • More Events