Bridgepoint confirmed it has acquired a majority stake in Kyriba, enabling American Express, HSBC, Mitsubishi UFJ Financial Group, Bred Banque Populaire and Mizuho Bank to exit.

Private equity firm Bridgepoint paid $160m for a majority stake in Kyriba, a US-based treasury and finance management platform developer that counts payment services firm American Express as an investor, yesterday. The deal values Kyriba, which is also backed by financial institutions HSBC, Bred Banque Populaire, Mizuho Bank and Mitsubishi UFJ Financial Group, at $1.2bn,…

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