Bridgepoint Confirms Reinvestment in Kyriba, Alongside New Minority Investor General Atlanti

Relevant Document: Bridgepoint Notice Bridgepoint is set to reinvest in U.S. financial software firm Kyriba while maintaining its position as the majority shareholder in a transaction that will see General Atlantic join as a new minority investor. The deal values Kyriba at over $3 billion and is expected to close in the fourth quarter of 2024. Bridgepoint, which has partnered with Kyriba for five years, will reinvest from its latest flagship fund, while General Atlantic’s involvement is expected to bring additional technological and operational expertise to Kyriba. This transaction is intended to support Kyriba’s next growth phase, strengthen its market position, accelerate investments in technology and talent, and expand its market share. The company has evolved from its origins in treasury management to become a leader in liquidity performance solutions, offering SaaS products for CFOs, Treasurers, and IT leaders. Kyriba, a provider of liquidity performance solutions, has experienced significant growth under Bridgepoint’s ownership, tripling its software revenue in the past five years. The company currently serves nearly 3,000 customers across 170 countries, managing over three billion bank transactions and $15 trillion in payments annually. The preceding intel was generated with help from Reorg’s proprietary AI models.