European private equity firm IK Investment Partners has acquired a minority state in Third Bridge, a research provider, for an undisclosed sum.
Third Bridge provides clients with insights into companies and markets through access to industry experts and market research. It has more than 300 customers which include private equity funds, consulting firms, hedge funds and corporates, and six offices in America, Asia and Europe.
Since it was set up in 2007 Third Bridge has doubled its turnover every two years and now employs more than 550 people.
As part of the deal growth capital investor Beringea, which provided Third Bridge with funding in 2012, will sell its shares in the company.
Pierre Gallix, Partner at IK Investment Partners and advisor to the IK Small Cap I Fund, which is making the acquisition, said: “As a client of Third Bridge, our paths have crossed many times, and we have always been very impressed by the Company and the exceptionally experienced management team. We share their values and vision for growth, and as a minority partner, we are proud to support the continued development of Third Bridge’s business model and expansion of the service offering.”
Emmanuel Tahar, CEO and co-founder of Third Bridge, said “Third Bridge has seen fantastic growth over the last 10 years, and the support from IK will enable us to maintain this strong performance, and bring us closer to our vision of being the first port of call for investors seeking the best intelligence. We are excited about working with the IK team, who share our ambitions and have a stellar reputation for supporting founder-led businesses.”
Since 1989 IK Investment partners has raised more than €9 billion of capital and invested in over 100 European companies.