M&A Deal Summary

Bridgepoint Acquires Team ITG

On March 31, 2014, private equity firm Bridgepoint acquired digital media company Team ITG from Livingbridge for 28M GBP

Acquisition Highlights
  • This is Bridgepoint’s 2nd transaction in the Digital Media sector.
  • This is Bridgepoint’s 55th largest (disclosed) transaction.
  • This is Bridgepoint’s 42nd transaction in the United Kingdom.
Investment Fate
  • Team ITG was sold to a consortium of financial buyers in 2017.
  • Team ITG was sold to a consortium of financial buyers in 2022.

M&A Deal Summary

Date 2014-03-31
Target Team ITG
Sector Digital Media
Buyer(s) Bridgepoint
Sellers(s) Livingbridge
Deal Type Secondary Buyout
Deal Value 28M GBP

Target

Team ITG

Birmingham, United Kingdom
Team ITG is a marketing services and technology business that helps major brands and retailers improve the efficiency, speed, cost and control of their marketing operations. Team ITG was founded in 2009 and is based in Birmingham, England.

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Buyer(S) 1

Buyer

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


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 93 of 176
Sector (Digital Media) 2 of 4
Type (Secondary Buyout) 31 of 70
Country (United Kingdom) 42 of 76
Year (2014) 2 of 5
Size (of disclosed) 55 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Nextpool

Ecully, France

Nextpool provides design, manufacturing, and delivery of bespoke swimming pool equipment. The company’s product positioning is mid/high-end, and its clientele is entirely B2B. Its products include swimming pool safety covers, swimming pool liners, water treatment products, and sun protection equipment. Nextpool was formed in 2004 and is based in Ecully, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-22 CABB

Sulzbach am Taunus, Germany

CABB is a vertically integrated global supplier of fine and specialty chemicals and customer manufacturing solutions for the agrochemicals, pharmaceuticals, personal care, and food markets. CABB was founded in 2003 and is based in Sulzbach am Taunus, Germany.

Sell -

Seller(S) 1

SELLER

Livingbridge

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 3.8B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Livingbridge is a UK-based investment group focused on investing in and growing mid-sized companies. The Firm targets businesses seeking £15 to £300 million of capital. Prospective companies should have 'ambitious mangement', scalable business models, and potential for market leadership. Sectors of interest include technology, media, communications, consumer products/services, healthcare, and education. Livingbridge was formed in 1995 and is based in London.


DEAL STATS #
Overall 45 of 101
Sector (Digital Media) 1 of 1
Type (Secondary Buyout) 16 of 44
Country (United Kingdom) 41 of 92
Year (2014) 3 of 5
Size (of disclosed) 12 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-15 Compagnie Générale des Espaces Verts

Besancon, France

Compagnie Générale des Espaces Verts, a former subsidiary of Compagnie Générale des Eaux, designs, builds and maintains landscaped areas in public gardens, transport infrastructures and sport fields mainly for local councils in France. It is the undisputed leader in its market where there are numerous small independents operators, giving opportunities for consolidation through acquisitions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 Williams Medical Supplies

Rhymney, United Kingdom

Williams Medical Supplies, Ltd. distributes medical equipment, pharmaceuticals, consumables, and family planning products to the primary care sector in the United Kingdom. The company was founded in 1986 and is based in Rhymney, the United Kingdom.

Sell £45M