Bridgepoint Group plc agreed to acquire Energy Capital Partners, LLC for approximately £810 million.
The transaction is subject to Bridgepoint's shareholder approval and is conditioned upon other regulatory laws having been obtained or made. The transaction is supported by the Bridgepoint board of directors. The transaction is expected to close in the first quarter of 2024. The transaction will be accretive for Bridgepoint shareholders from day of closing across FRE, EBITDA and Net Income per share. As on October 25, 2023, Bridgepoint shareholders approved the transaction.
J.P. Morgan and Morgan Stanley & Co. International plc are acting as joint lead financial advisers, joint corporate brokers, and joint sponsors to Bridgepoint, BNP Paribas are acting as joint financial adviser and joint corporate broker to Bridgepoint, Campbell Lutyens are acting as financial and strategic adviser to Bridgepoint and Lucy Gillett, Adam Signy, Deborah Harris, Laura Harris, Tegan Creedy and Fran Towers, Matt Gabbard, Elizabeth Cooper, Ryan Williams, John Dougherty and Christopher Scavone, William Smolinski, Benjamin Rippeon, Sarah Lindley, Yash Rupal, Caleb McConnell, Phoebe Adams, Darius Meehan, Daisy Dai, Andrew Mandelbaum, Daniel Lloyd, Wilson Szet, Barnaby Geddes-O?Dolan, Michael Strachan, Dzeneta Masteiko, Seji Choi, Jamin Koslowe, Jeffrey Penn, Kate Sinclair, Harry Briffitt, Luca Misseroni, William Golden, Uma Sud, Toby Chun, Deepa Sarkar, Etienne Renaudeau, Richard Jamgochian, Josh Buckland, Allison Davido, Susanna Breslin and Luke Cowdell, Steve DeLott, Brian Robbins, George Gerstein, Lori Lesser, Kate Mirino and Mark Natividad of Simpson Thacher & Bartlett are acting as legal counsel to Bridgepoint. BofA Securities is acting as financial adviser to ECP, and Michael Reeves, Cy Jones, Rami Totari, Justin Solomon, Michael Lee, Greg Scott, Adrian Duncan, Francesca Storey-Harris, Don Rocap, Miles Johnson, Stephen Jacobson, Jabir Yusoff of Kirkland & Ellis are acting as legal counsel to ECP.