Willkie advising IK Investment Partners on its announced sale of its stake in Third Bridge to Astorg.
On January 13, Willkie client 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.
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.
Willkie partners Eduardo Fernandez in Paris and Philip Coletto in London are advising IK Investment Partners on the transaction.