Bridgepoint Group
plc
("Bridgepoint" or the "Company")
Bridgepoint Group plc
appoints Tim Score as Chair
Bridgepoint Group plc is pleased to
announce the appointment of Tim Score as Chair of the Company with
effect from 1 July 2024, succeeding William Jackson, Bridgepoint's
Founder, who steps down from the Board at the same
time. William will continue to chair Bridgepoint's Private
Equity business.
Commenting on these changes William
Jackson said: "After three
years as a listed company, it's a good time to transition to an
independent non-executive Chair and I'm delighted that following a
Nomination Committee led process, the Board has unanimously agreed
to appoint Tim Score to the role. Tim takes over as Chair with
the business enjoying tremendous momentum which I'm looking forward
to continuing to support as Chair of our private equity
business."
Tim Score said: "Since joining the board,
I've been hugely impressed by the Company and its talented people.
I would like to pay tribute to William for everything that has been
achieved under his leadership. I am fortunate to be
succeeding William as Chair with the Company in great shape, with
strong prospects for further growth, and I look forward to working
with the Board and the wider Bridgepoint team over the coming
years."
Bridgepoint group Chief Executive,
Raoul Hughes said: "William
has been central to building the business we know as Bridgepoint
today and the firm will continue to benefit from his experience and
leadership particularly in our private equity business. I have
personally valued his wise counsel throughout the many years we
have worked together and look forward to continuing to do so in the
future."
Tim will be retiring from the Board
of British Land in July after 10 years, having served as Chair
since 2019. He was formerly Deputy Chair and Senior Independent
Director at Pearson plc, a Non-Executive Director of HM Treasury
and CFO of ARM Holdings plc for 13 years. Tim is currently Chair of
the national cricket charity Chance to Shine, a Non-Executive
Director at the Football Association and sits on the board of
trustees of the Royal National Theatre.
Background
Since the IPO in July 2021,
Bridgepoint has expanded in line with the strategy set out at
listing with the announced acquisition of ECP, the energy
transition infrastructure investor, for an enterprise value of £835
million. The Bridgepoint group and ECP have together raised
over €15 billion of new capital for its managed funds since
Bridgepoint's IPO, which has contributed to the Company growing AUM
from €33 billion on listing to €62 billion today pro forma ECP,
ahead of expectations set at the time of the IPO. Underlying
Bridgepoint EBITDA has also grown from £112.8m to £148.8m before
the addition of ECP which in 2023 posted EBITDA of £64m, which
together on completion of the acquisition represents a doubling of
Bridgepoint group EBITDA since IPO.
Following the appointment of Tim
Score as Chair, Cyrus Taraporevala will act as interim chair of
Bridgepoint's Audit and Risk Committee, and William Jackson will
cease to be a member of the Nomination Committee.
In accordance with section 430(2B) of
the Companies Act 2006, there are no remuneration payments made or
to be paid to William Jackson in connection with ceasing to be a
member of the Board.
ENQUIRIES
Bridgepoint
FGS Global (Public Relations Adviser
to Bridgepoint)
James Murgatroyd / +44 20 7251 3801
/ +44 7768 254911
Anjali Unnikrishnan / +44 20 7251
3801 / +44 7826 534233
Bridgepoint@fgsglobal.com
Issued by Bridgepoint Group
plc
LEI: 213800KFNMVI8PDZX472
Registered in England and Wales with
registration number 11443992
Registered office: 5 Marble Arch,
W1H 7EJ