Astorg’s Acquisition of Stake in Third Bridge

Willkie Farr & Gallagher LLP advised IK Investment Partners on the deal.

IK Investment Partners announced that its IK Small Cap I Fund had reached an agreement to sell its stake in Third Bridge, a leading global research organization, serving over 1,000 of the world’s private equity funds, hedge funds, mutual funds and management consulting firms, to Astorg.

Astorg will join the co-founding shareholders to support the next stage of growth for Third Bridge as it continues to grow its footprint and develop new services.

Third Bridge was founded in 2007 and today employs 1,000 people across eight offices in North America, Europe and Asia. The company’s three original co-founders Emmanuel Tahar, Joshua Maxey and Rodolphe De Hemptinne will be reinvesting the significant majority of their proceeds into the new transaction and will continue in their existing leadership roles. IK first invested in Third Bridge in 2017, and since then Third Bridge has significantly grown its top line, expanded the product offering across global jurisdictions and strengthened its leadership position in the investment research market.

Astorg is a European private equity group with total funds under management of over €9.3 billion. With offices in London, Paris, New York, Milan, Frankfurt and Luxembourg, Astorg’s investment team comprises of 51 professionals.

Willkie team advising IK Investment Partners inlcuded partners Eduardo Fernandez (Picture) in Paris and Philip Coletto in London.

Involved fees earner: Philip Coletto – Willkie Farr & Gallagher; Eduardo Fernandez – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: IK Investment Partners;