|
AltAssets is the private equity news and research service from Almeida Capital
|
|
|
PRINT THIS PAGE Bridgepoint makes 2.5 times return on Tunstall Group sale
05/03/2008. Source: AltAssets. 
European private equity firm Bridgepoint has sold telecare systems company Tunstall Group to Charterhouse Capital Partners in a £514m transaction. Bridgepoint has realised a 2.5 times return on the original investment, according to a source close to the deal. Bridgepoint acquired Tunstall in June 2005 in a £225m buy-out from HgCapital and subsequently merged the telecare division of Nordic elderly care home operator Attendo Group, which Bridgepoint acquired in February 2005, with Tunstall.
The source confirmed that Bridgepoint will be reinvesting a portion of its proceeds from the sale, taking an 18 per cent stake in Tunstall going forward.
Tunstall's principal activities include care alarm systems for private homes and assisted living environments such as care homes, software for use by monitoring centres to respond to alarms raised and the outsourced management of call centres on behalf of local authorities and related support services.
In September 2007, Bridgepoint confirmed the launch of a new fund, Bridgepoint Europe IV, which has a target of €4bn.
Copyright © 2008 AltAssets
|
 
|
|
|
