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Bridgepoint to Buy Majority Stake in Interpath in Deal Valuing Firm at About £800 Million

The KPMG spin-out expects fresh backing for global growth with senior executives retaining ownership stakes.

Overview

  • The London-listed private equity group agreed to acquire control from HIG Capital after a competitive auction that drew interest from Blackstone, Onex, PAI Partners and Permira.
  • HIG bought Interpath from KPMG in 2021 for roughly £380m–£400m, more than doubling its valuation through expansion into new markets and services.
  • Latest filings for the year to 28 March 2025 show revenue of £198.9m, adjusted EBITDA of £58.6m and a pre-tax loss of £11m, with a new French unit posting an £18.4m operating loss largely from setup costs.
  • Bridgepoint signaled support for further expansion across Europe, the Americas and Asia as Interpath’s headcount reaches about 1,000 across more than a dozen countries.
  • Interpath’s profile has grown through high‑visibility mandates including Claire’s UK administration, the planned TGI Fridays UK process and cost‑cutting work at Manchester United, reflecting wider private equity interest in advisory platforms.