Revolut, Allica, Zopa: Analysts back ‘enduring value’ of UK fintech Fintech UK fintech received a wealth of praise from Peel Hunt analysts in a fresh sector note following a year of rapid growth for the industry. Fintech firms booked record profits in 2024 and have transitioned from disrupting the banking climate to direct competition with traditional lenders. Revolut topped 52.5 million customers in 2024, surpassing Europe’s [...]
Private equity firm snaps up Evelyn Partners accounting arm for £700m Business British private equity firm Apax has bought Evelyn Partners accounting arm for £700m, according to reports. Apax was in a bidding war with private equity peer Bridgepoint to snap up the professional services unit, which includes the business formerly known as Smith & Williamson that Evelyn Partners bought back in 2020. But Apax emerged the [...]
ECB chair Thompson: I’ve found myself in an extraordinary moment for cricket Sport Business "A lot of the next 10 years will be determined almost by what happens in the next 10 weeks," said Thompson.
Eckoh: Another AIM exit as private equity firm launches bid October 30, 2024 Payments software firm Eckoh is set to leave the London Stock Exchange’s AIM after it received an offer from private equity firm Bridgepoint. The bid values Eckoh at 54p per share or £169.3m. The price is offered is 15.9 times Eckoh’s adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the year ending March [...]
Arts and crafts giant Hobbycraft sold to Ted Baker investor August 27, 2024 Hobbycraft, which is one of the UK’s biggest arts and crafts retailers, has been snapped up by a specialist investor whose team has previously supported chains including Paperchase and Tie Rack. Investment group Modella Capital announced it had bought the Bournemouth-headquartered company from its majority owner, the fund management group Bridgepoint, for an undisclosed sum. [...]
Alpha FMC agrees to £626m takeover from Bridgepoint June 20, 2024 AIM-listed Alpha Financial Markets Consultancy has agreed to a takeover deal by private equity giant Bridgepoint.
Bridgepoint reports ‘robust’ investment returns despite tough market conditions March 14, 2024 Private equity firm Bridgepoint has posted an 11.5 per cent rise in underlying pretax profit despite "more challenging, but improving, market conditions".