Member Article

Research firm Third Bridge gets new minority investors with Beringea making way

A London-headquartered research business that services some major global hedge funds and private equity funds is to get new minority investors after backers Beringea agreed to sell their stake.

Third Bridge, which has grown out of its London heartland to encompass offices in New York, Shanghai, Hong Kong and Mumbai, provides primary research through industry experts and market research to help their clients understand potential investment opportunities.

Pan-European private equity firm IK Investment Partners has announced that its IK Small Cap I Fund has reached an agreement with the founders and management team to acquire a minority stake in the business, with the investor buying up Beringea’s shares in the company.

The exact financial details of the deal have not been revealed, but the acquisition of the stake marks a seal of approval for the firm’s services, with IK Investment having previously been a client of Third Bridge.

Partner, Pierre Gallix said that the two firm’s paths had crossed repeatedly over the years and that IK had been impressed by how Third Bridge operates.

He commented: “As a client of Third Bridge, our paths have crossed many times, and we have always been very impressed by the Company and the exceptionally experienced management team.

“We share their values and vision for growth, and as a minority partner, we are proud to support the continued development of Third Bridge’s business model and expansion of the service offering.”

Emmanuel Tahar, CEO and co-founder of Third Bridge, added: “Third Bridge has seen fantastic growth over the last 10 years, and the support from IK will enable us to maintain this strong performance, and bring us closer to our vision of being the first port of call for investors seeking the best intelligence.

“We are excited about working with the IK team, who share our ambitions and have a stellar reputation for supporting founder-led businesses.”