Bridgepoint Group plc (LSE:BPT) is looking for M&A. William Jackson, Founder and Chairman said, "And then talking about M&A. I think the USPP has put us in -- back in the same liquidity position that we're in the point of the IPO. So we've effectively replaced the cash element of the ECP transaction, which is a broadly similar number to the amount private capital raised at IPO, to put us back in the same position to continue to develop the firm through various forms of M&A. So I said I think you could think in terms of the capacity of that quantum of cash being a minority of any wider transaction that we do. But we -- so we feel we're well placed to continue to develop the firm and to grow through M&A".