Bridgepoint Group PLC is mulling the sale of San Diego-based treasury management software provider Kyriba Corp in a deal which could give the portfolio firm a value of at least $2 billion, Bloomberg reported on Thursday.

According to people familiar with the matter, the FTSE 250 private investor is in the early stages of evaluating options for Kyriba, including the possibility of a sale process in the coming months.

Bridgepoint has not yet formally mandated an adviser for the sale, but it could draw interest from both strategic and financial investors.

https://www.bloomberg.com/news/articles/2022-05-19/bridgepoint-said-to-mull-2-billion-sale-of-software-firm-kyriba

Shares in Bridgepoint closed 2.2% lower at 272.80 pence on Thursday in London.

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