Bridgepoint Europe VII fund managed by Bridgepoint Group plc (LSE:BPT) signed an agreement to acquire unknown majority stake in LumApps SAS from a group of shareholders for $650 million on May 28, 2024. The transaction is not subject to satisfaction of any conditions precedent and is expected to close in July 2024. Deutsche Bank acted as financial advisor to Bridgepoint Group plc (LSE:BPT).

Olivier du Mottay, Simon Lange, Lionel Dechmann, Carla-Sophie Imperadeiro, Adrien Giraud, Matthias Rubner of Latham & Watkins LLP (Paris) acted as legal advisor and also provided advice on finance matters to Bridgepoint. Bain & Company provided commercial due diligence to Bridgepoint. Crosslake Technologies, LLC provided technical due diligence to Bridgepoint.

Ernst & Young LLP provided financial and tax due diligence to Bridgepoint. D'Ornano + Co. provided growth due diligence to Bridgepoint.

Environmental Resources Management Limited provided ESG due diligence to Bridgepoint. Marsh LLC provided insurance due diligence to Bridgepoint. William Blair & Company, L.L.C. acted as financial advisor to LumApps SAS.

DLA Piper France LLP acted as legal advisor to LumApps SAS. Anthony Guillaume of Squire Patton Boggs acted as legal vendor due diligence provider to LumApps SAS. DUNE Avocats acted as legal advisor to LumApps SAS.

EY-Parthenon provided commercial and technological due diligence to LumApps SAS. Ernst & Young France acted as financial advisor to LumApps SAS.