Bridgepoint Development Capital buys majority stake in Groupe Sinari

• BDC will support Groupe Sinari in accelerating international development and developing in new vertical markets
• BDC is a mid-cap investor that supports international development of small and mid-sized companies
• Bridgepoint is a listed international alternative asset manager focused on middle-market companies

Bridgepoint Development Capital (BDC) has acquired a majority stake in Groupe Sinari, a French software provider to the road freight transport and logistics sector, alongside its existing shareholders New Alpha Verto and its management.

BDC will support the group in accelerating its international development and developing in new vertical markets, according to a release.

“We are particularly sensitive to the projects of companies supported by our investments, and Sinari’s project to reduce CO2 emissions, thanks to its telematics and route optimisation solutions, echoes the values we support,” said Thomas Moussallieh, director, BDC.

Groupe Sinari has offices in France and Belgium. It has revenues of almost €40 million.

London-based BDC is a mid-cap investor that supports international development of small and mid-sized companies. The firm has offices in New York, San Francisco and Shanghai.

BDC is part of Bridgepoint Group, a listed international alternative asset manager focused on middle-market companies. The firm has over €38 billion of assets under management.

No financial details of the transaction were disclosed.

(Note: Bridgepoint owns PEI Group, the publisher of PE Hub Europe.)