Bridgepoint to buy EQT private debt business

London-based private equity firm Bridgepoint plans to acquire EQT Credit for an undisclosed amount.

EQT will be combined with Bridgepoint’s existing credit business, building it out to total €7 billion ($7.8 billion).

“This moves our credit strategy and ambitions significantly forward and provides further diversification for the Bridgepoint Group,” said Bridgepoint Managing Partner William Jackson, in a statement. “this is in line with our strategic objective of offering a broader range of compelling middle-market focused alternative asset investment strategies.”

EQT was set up in 2018 and has €5.6 . . .

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