olivLaw · European equity research
Bridgepoint Group plc BPT.L
United Kingdom · London Stock Exchange · ISIN GB00BND88V85 · Vertical: Listed companies from United Kingdom
Bridgepoint Group is an alternative asset manager focused on European mid-market private equity, North American energy transition infrastructure through ECP, and private credit. The group ended 2025 with assets under management of 94.1 bn USD, and its fundraising plan for 2026 targets 24 bn EUR.
At the close of 05 Nov 2026, Bridgepoint Group plc (BPT.L) stock was 4.02 GBP (−2.85% on the day), with market capitalisation 3.3 bn GBP, P/E 82.1 on diluted EPS of 0.05 GBP over the last 12 months, dividend yield 1.17%, beta 1.24, 52-week range 2.23–4.23 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 57.5
- strong (55–70)
- Bollinger (20, 2)
- 3.84 – 4.21
- in the lower half of the band · %B 0.50 · band width 9.2%
- SMA 50 / 200
- 3.50 / 2.90
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.17 / 0.19
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +16.0% | +0.4% | +15.6 pp | — |
| 3 months | +19.2% | −3.3% | +22.5 pp | — |
| 6 months | +51.1% | +4.0% | +47.1 pp | — |
| Year to date | +41.7% | +8.1% | +33.6 pp | — |
| 1 year | +35.3% | +10.7% | +24.6 pp | +6.7% |
| 3 years | +111.2% | +50.1% | +61.2 pp | +24.8% |
| 5 years | −26.3% | +43.6% | −69.9 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 3-quarter history (min 32.1, median 45.6, max 57.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | unavailable | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable | unavailable |
| Net income | 70.7 m | 64.8 m | 41.5 m |
| Net income YoY | unavailable | −8.3% | −36.0% |
| Diluted EPS | 0.09 | 0.08 | 0.05 |
| Diluted EPS YoY | unavailable | −9.2% | −38.0% |
| net % | unavailable | unavailable | unavailable |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 193.5 m GBP
- Financial debt
- unavailable GBP
- Net debt
- unavailable GBP
- Equity
- 1.2 bn GBP
- Total assets
- 5.2 bn GBP
- Debt / equity
- unavailable
- Current ratio
- 7.22x
- ROE
- 3.5%
- ROA
- 0.9%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (GBP)
Income statement · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Gross profit | 321.6 m | 428.1 m | — | esef· 15 Apr 2025verified |
| Depreciation & amortisation | 18.7 m | 36.2 m | 64.9 m | esef· 07 Apr 2026verified |
| Interest expense | 9.1 m | 37.1 m | 96.5 m | esef· 07 Apr 2026verified |
| Pre-tax income | 86.0 m | 80.7 m | 85.7 m | esef· 07 Apr 2026verified |
| Income tax | 15.3 m | 11.6 m | 29.0 m | esef· 07 Apr 2026verified |
| Net income | 70.7 m | 64.8 m | 41.5 m | esef· 07 Apr 2026verified |
| Diluted EPS | 0.09 | 0.08 | 0.05 | esef· 07 Apr 2026verified |
| Dividend per share | 0.04 | 0.05 | 0.05 | esef· 07 Apr 2026verified |
Balance sheet · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 238.8 m | 90.8 m | 193.5 m | esef· 07 Apr 2026verified |
| Receivables | 118.2 m | 150.4 m | 138.5 m | esef· 07 Apr 2026verified |
| Current assets | 1.8 bn | 2.3 bn | 3.4 bn | esef· 07 Apr 2026verified |
| Property, plant & equipment, net | 73.7 m | 88.3 m | 95.6 m | esef· 07 Apr 2026verified |
| Total assets | 2.4 bn | 4.1 bn | 5.2 bn | esef· 07 Apr 2026verified |
| Current liabilities | 337.7 m | 408.1 m | 468.5 m | esef· 07 Apr 2026verified |
| Total liabilities | 1.7 bn | 2.9 bn | 4.0 bn | esef· 07 Apr 2026verified |
| Equity | 721.2 m | 1.2 bn | 1.2 bn | esef· 07 Apr 2026verified |
| Shares outstanding at year end | 812.6 m | 810.0 m | 830.0 m | esef· 07 Apr 2026derived |
Cash flow · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 95.0 m | 10.8 m | 135.9 m | esef· 07 Apr 2026verified |
| Investing cash flow | -320.0 m | -928.9 m | -618.5 m | esef· 07 Apr 2026verified |
| Financing cash flow | 325.6 m | 776.1 m | 651.6 m | esef· 07 Apr 2026verified |
| Share repurchases | 60.2 m | 9.8 m | 4.1 m | esef· 07 Apr 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 3 of at least 6
- score weight coverage: 20.8% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 3.3 bn GBP
Key indicators
Coverage and freshness
Score by group
21% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 20.8% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 7.2x | 100 (on a fixed band) | 20% |
| P/E (TTM) · Valuation | 82.1x | 0 (vs peers) | 50% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 0.1% | 2 (on a fixed band) | 30% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partial2/100 · 1/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
BRIDGEPOINT GROUP PLC (BPT.L). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: ROE 4.2%.
The estimated value range is 0.52–0.81 GBP per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 0.63 GBP, the price of 4.02 GBP leaves a potential of -84.3% (value / price − 1) and a margin of safety of -537.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 20.8% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 7.2x
What contradicts it
- P/E (TTM): 82.1x
- Shareholder yield (distributions): 0.1%
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 40 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| BMS.LBraemar PLC | 78.3 m | 39.2 | 2.7% | 1.7% | −4.4% | +13% / −11% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
1- and 3-year price returns: for BPT.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Bridgepoint Group is an alternative asset manager focused on European mid-market private equity, North American energy transition infrastructure through ECP, and private credit. The group ended 2025 with assets under management of 94.1 bn USD 1, and its fundraising plan for 2026 targets 24 bn EUR 1.
SWOT
Strengths
- Long history of mid-market investing and top-quartile benchmarking results reported by the company 1.
- Diversified platform across three verticals and a global presence, with ability to navigate economic cycles 1.
- Strong growth in assets under management and a record of returning capital to fund investors 1.
Weaknesses
- Reliance on management fees linked to fundraising, which can be affected by long capital-raising cycles 1.
- Concentration on a few large flagship funds, where weak performance could hurt investor confidence 1.
- Exposure to European and American markets, sensitive to macroeconomic and geopolitical volatility 1.
Opportunities
Risks
- Fundraising riskhigh
Failure to raise successor funds of comparable size could affect revenue and employee retention 1.
- Macroeconomic riskhigh
Market volatility can reduce the value of investments and exit opportunities, lengthening holding periods 1.
- Fund performance riskmedium
Weak performance in large funds could reduce investor confidence and hamper future fundraising 1.
- Regulatory riskmedium
The group is supervised by several authorities, and non-compliance could bring fines or reputational damage 1.
- Talent and conduct riskmedium
Competition for skilled personnel is strong, and losing key individuals could affect strategy 1.
Investment thesis
What would need to be true (bull case)
- If fundraising toward the 24 bn EUR target succeeds, the group could strengthen fee revenue over several years 1.
- Demand for energy infrastructure and private wealth products could support growth in assets under management 1.
- Consistent investment results and capital returns to investors could sustain confidence in the platform 1.
What to watch
- Closing of fundraising for the flagship infrastructure and direct lending fundssecond half of 2026
- Progress of BE VIII fundraising and its formal first closeQ2 2026
- Realisation of expected exits for 2026, mostly anticipated in the second half2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The group manages funds across three main verticals: private equity in Europe, energy transition infrastructure in North America through ECP, and private credit through Bridgepoint Credit 1. Its revenue comes mainly from management fees on fee-paying funds, with underlying management and other income of 427.7 mn GBP in 2025 1. The company has extended its platform with Bridgepoint Private Wealth, aimed at individual investors 1.
Value creation rests on high-margin mid-market investments, a hands-on approach to portfolio companies and closed-end funds that allow disciplined investing through economic cycles 1. The group reports that all Bridgepoint Europe funds raised after the global financial crisis are first or upper second quartile performers, based on Q4 2025 benchmarking 1.
The platform has 542 employees and a presence across several offices in Europe and North America, with its client services team more than doubled over five years 1. The growth strategy also includes a fourth vertical, secondaries, added in February 2026 1.
Segments
Private equity (Bridgepoint Europe)
The private equity vertical invests in European mid-market companies and made 13 platform investments in 2025, deploying 3.4 bn EUR 1. One case cited is Vermaat, acquired in 2019 and sold in July 2025 at a money multiple above 2x 1.
Infrastructure (ECP)
ECP invests in critical infrastructure linked to energy transition and electrification in the US, having raised over 37 bn USD since inception and owned more than 300 US power plants 1. The ECP VI fund became fee paying in May 2025 and has so far closed 3.7 bn USD of commitments 1.
Market context
The group operates in the alternatives market, where individual investor allocations are expected to grow by 3 trillion USD by 2030 1. The company presents European mid-market private equity as attractive, given better valuations and diverse exit routes 1.
In energy infrastructure, US electricity demand is expected to grow 1.5x to 2.0x by 2040, and global energy transition investment is forecast at 2.4 trillion USD per year 1. Fundraising remains competitive, with longer investor allocation cycles 1.
Trends
- Renewed interest in the mid-markettailwind
The company says the European mid-market became newly fashionable with investors in 2025, supporting fundraising for European funds 1.
- Growth of private wealthtailwind
Evergreen structure net assets surpassed 490 bn USD in 2025, and Bridgepoint is expanding its platform for individual investors with products such as Bridgepoint Generations 1.
- US power demandmixed
Rising US electricity demand from industry, electrification and data centres supports ECP's investments, but depends on financing and regulatory conditions 1.
- Competitive fundraisingheadwind
A high number of managers returning to market and longer fundraising timetables could slow capital raising, which could affect fee revenue if the trend persists 1.
Competitive position
The company operates in a highly competitive alternatives sector, competing with other managers for investor capital, including sponsors of public and private funds 1. Its differentiation rests on its mid-market focus and global presence rather than on scale alone 1.
- Other mid-market private equity managers
Direct competitors for institutional and individual investor capital, referred to generically in the source 1.
- Energy infrastructure managers
Compete for projects and investors in North American energy transition 1.
- Wealth platforms and private banks
Could become distribution channels or competitors for individual investor capital 1.
- Private credit managers
Compete for financing and transactions in European credit 1.
News & filings
In the press
- Bridgepoint, Bain Among Bidders for UK-based Wealth Manager W1MBloomberg Markets · 21 Oct 2026 · EN
- Exclusive-Bridgepoint, Astorg consider £2 billion-plus Fenergo sale, sources sayCNA (Channel NewsAsia) · 28 Sept 2026 · EN
- Bridgepoint Explores €1 Billion Private Credit Secondaries DealBloomberg Markets · 04 Aug 2026 · EN
- Carlyle in Talks to Hand ESG Consulting Firm Over to BridgepointBloomberg Markets · 21 Jul 2026 · EN
- Bridgepoint Buys Large Stake in Danish Drone Firm UMag SolutionsBloomberg Markets · 13 Jul 2026 · EN
- Bridgepoint to Buy Kayne Anderson Real Estate for $1.4 BillionBloomberg Markets · 29 Jun 2026 · EN
- Bridgepoint Raises €5 Billion for European Direct Lending FundBloomberg Markets · 28 May 2026 · EN
Annual reports (ESEF)
- Annual report 202507 Apr 2026
- Annual report 202415 Apr 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Bridgepoint Group plc · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.