Bridgepoint goes into Exile with £30m infrastructure finance data deal

The private equity firm's Growth arm will announce on Thursday that it has bought a stake in a provider of intelligence to project and development finance professionals, Paste BN understands.

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The London-listed private equity firm Bridgepoint has struck a deal to back a provider of data and intelligence to the global infrastructure and project finance industries.

Paste BN understands that Bridgepoint Growth has agreed to buy a minority stake in Exile Group, which was founded in 2013 in Deptford, south-east London.

The deal, which will be announced on Thursday, will see Exile's founders retain their majority stake in the company.

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Exile Group counts leading global banks, including Citi, HSBC and Santander, among its clients, providing proprietary data and intelligence as well as specialist events to the export, project and development finance markets.

In addition to banks, its products are used by export credit agencies, development finance institutions, law firms and other borrowers.

The minority deal comes at a time when global infrastructure spending requirements are predicted to rise above $7 trillion annually.

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Exile says it provides insights which assist with projects ranging from "a 28-day letter of credit that allows an SME in the north of England to fulfil a small bilateral export contract to a 20-year multi-party, multibillion-dollar rebuilding project in Ukraine".

The group trades under four brands: Proximo, which specialises in project finance; TXF, which describes itself as a market leader in trade, commodity and export finance; Uxolo, which concentrates on development finance and impact investing; and Kujenga, a virtual events platform.

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"Exile has grown by staying close to its customers and building products that genuinely support deal origination and execution across export, project and development finance," said Dan Sheriff, co-founder and chief executive of Exile Group.

"The sectors we serve continue to innovate and gain global importance."

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Bridgepoint, which counts Burger King UK and MotoGP among its current and former investments, has previously backed high-growth events and information services businesses such as Helio Intelligence and PEI Media.

Duncan Calam, partner and head of Bridgepoint Growth, said Exile had built "a highly attractive position in markets that benefit from long-term structural growth, with a stellar reputation for delivering trusted intelligence".