Bridgepoint completes acquisition of EQT Credit

The deal will significantly expand Bridgepoint’s presence in the credit markets in both Europe and the US and give it a wider range of credit strategies.

Bridgepoint has completed its acquisition of EQT’s credit business in a deal which will give the former more than €7 billion of credit assets under management.

The deal to buy EQT Credit was first announced in June following a strategic review by its parent company into the future of the debt business.

EQT’s credit business employed 40 investment professionals, including five partners. It integration into Bridgepoint Credit brings the total team to 50 professionals across seven countries. The asset manager now offers three strategies covering corporate credit through syndicated loans, European direct lending and opportunistic credit.

Following completion of the deal, Bridgepoint managing partner William Jackson, said: “This transaction significantly accelerates the growth of our Credit activities, in line with our wish to continue to offer a diversified range of investment products to our investors. It strengthens Bridgepoint Credit’s existing local presence in London and Paris and adds new credit teams in Germany, the Nordic region and the US.”

Bridgepoint’s equity division owns PDI‘s parent company PEI Media.