Bridgepoint could take a majority stake in Kyriba in a deal that would allow HSBC, Mitsubishi UFJ Financial Group, Bred Banque Populaire, Mizuho Bank and American Express to exit.
Kyriba, a US-based treasury and finance management platform developer backed by various banks, revealed yesterday it is in advanced talks with private equity firm Bridgepoint over an acquisition.
Bridgepoint is exploring the possibility of investing $160m in Kyriba at a $1.2bn valuation, which would give it a majority stake. It has not confirmed whether it was already an investor, or whether it would use additional funds to buy out other shareholders.
Family office Daher Capital, venture capital firm Iris Capital…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.