Investment Summary

Astorg Partners, HarbourVest Partners and IK Partners Invest In Third Bridge

On January 13, 2021, private equity firms Astorg Partners, HarbourVest Partners and IK Partners invested in information services company Third Bridge from IK Partners

Investment Highlights
  • This is Astorg Partners’ 1st, HarbourVest Partners’ 3rd and IK Partners’ 2nd transaction in the Information Services sector.
  • This is Astorg Partners’ 5th, HarbourVest Partners’ 17th and IK Partners’ 4th transaction in the United Kingdom.

Investment Summary

Date 2021-01-13
Target Third Bridge
Sector Information Services
Investor(s) Astorg Partners
HarbourVest Partners
IK Partners
Sellers(s) IK Partners
Deal Type Stake Purchase
Advisor(s) Jefferies (Financial)

Target

Third Bridge

London, United Kingdom
Third Bridge provides private equity firms, hedge funds, and strategy consultants with the information that they need to understand the value of their investment opportunities. Every month, company receive thousands of requests from clients, who trust to deliver on their most complex information needs. Third Bridge was founded in 2007 and is based in London, United Kingdom.

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Investor(S) 3

Investor

Astorg Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 22.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Astorg Partners is a private equity firm that targets small to midcap company investments primarily in France and to a limited extent, Western Europe. Astorg Partners looks for companies valued between €400 million and €2 billion, requiring at least €15 million in equity. Areas of interest include healthcare, retail, distribution, hospitality, and professional services. Prospective transaction situations include leverage build-ups, divestitures, family transitions, and secondary buyouts. Astorg Partners was formed in 1998 and is based in Paris and has additional offices in London and Luxembourg.


DEAL STATS #
Overall 48 of 69
Sector: Information Services M&A 1 of 2
Type: Stake Purchase M&A Deals 3 of 3
Country: United Kingdom M&A 5 of 11
Year: 2021 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 Cytel

Cambridge, Massachusetts, United States

Cytel is a provider of analytical software and services for the life sciences sector. Cytel helps leading pharmaceutical, biotech, and medical device companies improve clinical success rates via optimal study design, effective data management, and accurate statistical analysis. Cytel was founded in 1987 and is based in Cambridge, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Photonis

Brive, France

Photonis is a designer and manufacturer of optronic components for photosensor technology and night vision systems. Photonis operates in the defense, homeland security, scientific instrumentation, and medical imaging markets. Photonis was founded in 1937 and is based in Brive, France.

Sell -
Investor

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 210 of 214
Sector: Information Services M&A 3 of 3
Type: Stake Purchase M&A Deals 7 of 7
Country: United Kingdom M&A 17 of 17
Year: 2021 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 Signature Foods Belgium

Turnhout, Belgium

Signature Foods Belgium is a producer of chilled spreadable salads and convenience food. Signature Foods Belgium was founded in 2006 and is based in Turnhout, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 VIX

Coral Gables, Florida, United States

VIX, Inc. is an independent digital media company, that creates content that sparks curiosity and adds value to millions of people every day. Our content lives at VIX.com and across a variety of social platforms such as Facebook, Instagram, and YouTube. VIX was formed in 1999 and is based in Coral Gables, Florida.

Sell -
Investor

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 145 of 191
Sector: Information Services M&A 2 of 2
Type: Stake Purchase M&A Deals 3 of 9
Country: United Kingdom M&A 4 of 11
Year: 2021 M&A 2 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Ascentiel Groupe

Rueil-Malmaison, France

Ascentiel Groupe is an online insurance brokerage platform specializing in P&C products in France for individuals and small corporates, which are distributed under its own brands or under white label. Ascentiel offers a comprehensive suite of insurance solutions, ranging from auto, animal health and home coverage for individuals to specialised products for commercial clients, including decennial liability coverage for construction professionals and insurance for commercial vehicle fleets. Ascentiel Groupe was founded in 1970 and is based in Rueil-Malmaison, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-04 Skill & You

Montrouge, France

Skill & You is a vocational e-learning provider with 120,000 students and 850 employees and has established itself as a market leader in France and Spain. The Group’s unrivaled portfolio of 220 courses largely lead to state diplomas and cover a wide range of professional fields (healthcare, childcare, animal health, IT & digital, accounting and administration, public service, and construction, among others). As a member of the EdTech France association, Skill & You also plays a major role in fostering the development of e-learning in France. Skill & You is based in Montrouge, France.

Buy -

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 91 of 122
Sector: Information Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 4
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Ascentiel Groupe

Rueil-Malmaison, France

Ascentiel Groupe is an online insurance brokerage platform specializing in P&C products in France for individuals and small corporates, which are distributed under its own brands or under white label. Ascentiel offers a comprehensive suite of insurance solutions, ranging from auto, animal health and home coverage for individuals to specialised products for commercial clients, including decennial liability coverage for construction professionals and insurance for commercial vehicle fleets. Ascentiel Groupe was founded in 1970 and is based in Rueil-Malmaison, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-04 Skill & You

Montrouge, France

Skill & You is a vocational e-learning provider with 120,000 students and 850 employees and has established itself as a market leader in France and Spain. The Group’s unrivaled portfolio of 220 courses largely lead to state diplomas and cover a wide range of professional fields (healthcare, childcare, animal health, IT & digital, accounting and administration, public service, and construction, among others). As a member of the EdTech France association, Skill & You also plays a major role in fostering the development of e-learning in France. Skill & You is based in Montrouge, France.

Buy -