Grab as Bridgepoint for Kyriba

System maker Kyriba up for billion-dollar takeover

Kyriba, a US-based provider of treasury management software, will see its majority of shares sold to private equity giant Bridgepoint.

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According to Wall Street Journal, Bridgepoint has agreed to buy the majority stake in Kyriba at a price that values TMS provider Kyriba at around $1.2 billion. As its source, the article cites “people familiar with the matter”.

Gets Burger King as sister

Bridgepoint is a London based private equity firm which owns a long list of companies, including Burger King and until recently Pret a Manger.

Swedish holdings include Evac, Diaverum and Trustly.

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Long holding for current owners

Current investors in are said to include its chief executive since 2003 Jean-Luc Robert, as well as venture capital firms Mangrove Capital Partners and Upfront Ventures, which were both among Kyriba’s early investors in 2001.

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