Oh look: Inflexion Private Equity has just bought Estera, the firm linked to the 'Paradise Papers' leak, from Bridgepoint. See the press release below:
The private equity owner of Estera has hired bankers to find a buyer for the trust administration business and several bidders are circling.
City sources said Bridgepoint has appointed advisers from Deutsche Bank and ING to run an auction process for Estera, which specialises in providing corporate, trust and fund services...
PEI Media - publisher of one of the journals read by many of the City's bankers, lawyers and buy-out barons - is about to be bought by Bridgepoint Development Capital for over £120 million.
According to sources familiar with the matter, a takeover of PEI Media by BDC could be announced in the next few days.
This would be the second (possibly third time) Betaville has broken a story about PEI Media since this website first started in 2014...
This isn't earth shattering news but probably interesting for deal watchers in Britain's retail sector.
This week I learned that UK-based private equity firm Bridgepoint has hired investment bankers from Baird to work on a secret project for Hobbycraft, one of Britain's largest arts and craft retailers. Banking sources claimed to me that Baird had been appointed to carry out a strategic review (banker parlance for sale) of Hobbycraft...