M&A Deal Summary

Bridgepoint Acquires TTT Moneycorp

On August 29, 2014, private equity firm Bridgepoint acquired financial services company TTT Moneycorp from Pollen Street Capital for 212M GBP

Acquisition Highlights
  • This is Bridgepoint’s 3rd transaction in the Financial Services sector.
  • This is Bridgepoint’s 28th largest (disclosed) transaction.
  • This is Bridgepoint’s 44th transaction in the United Kingdom.

M&A Deal Summary

Date 2014-08-29
Target TTT Moneycorp
Sector Financial Services
Buyer(s) Bridgepoint
Sellers(s) Pollen Street Capital
Deal Type Secondary Buyout
Deal Value 212M GBP

Target

TTT Moneycorp

London, United Kingdom
website
TTT Moneycorp Ltd is a provider of international payments and retail travel money products.

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Buyer(S) 1

Buyer

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 28.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 98 of 164
Sector (Financial Services) 3 of 4
Type (Secondary Buyout) 34 of 68
Country (United Kingdom) 44 of 69
Year (2014) 5 of 5
Size (of disclosed) 28 of 58
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 The Energy Solutions Group

Altrincham, United Kingdom

The Energy Solutions Group Ltd. is an independent building energy management solutions (BEMS) provider.

Sell £66M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 Ansel Group

Nottingham, United Kingdom

Ansel Group Ltd. provide secure services for men with complex mental health needs, challenging behaviours and personality disorders.

Sell -

Seller(S) 1

SELLER

Pollen Street Capital

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 2013
PE ASSETS 2.7B GBP
Size Large
Type Sector Focused
DESCRIPTION

Pollen Street Capital is a private equity firm focused on acquiring and investing in financial and business services companies. The Firm is a hands-on investor and looks to work with management teams in building company value and driving growth. Pollen Street Capital was formed in 2013 and is headquartered in London.


DEAL STATS #
Overall 3 of 6
Sector (Financial Services) 3 of 4
Type (Secondary Buyout) 1 of 2
Country (United Kingdom) 3 of 5
Year (2014) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Arrow Global Group

Manchester, United Kingdom

Arrow Global Group provides debt purchase and receivables management solutions in the United Kingdom. Arrow Global Group was founded in 2005 and is based in Manchester, the United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Cashflows

Cambridge, United Kingdom

Cashflows is a payments business offering customers merchant acquiring, ATM acquiring, card issuance and wholesale payments capabilities. Cashflows offers an omni-channel native solution to its customers. It owns and operates the technology across the full value chain meaning that it has no reliance on third parties and can provide superior products and services to its customers whilst competing on price. Cashflows was founded in 2006 and is based in Cambridge, United Kingdom.

Buy -