Buyout Firm Bridgepoint Soars 28% in London Trading Debut
- Bridgepoint is U.K.’s biggest private-equity listing in years
- Company owns stakes in Burger King franchises and Itsu
Bridgepoint Group took a minority stake in food company Itsu in June.
Photographer: Bryn Colton/BloombergThis article is for subscribers only.
Bridgepoint Group Ltd. surged in its first day of London trading as investors raced to buy shares of a rarely listed private equity firm.
The stock jumped as much as 28%, pushing its market value to about $5 billion. The firm, which was spun out of Royal Bank of Scotland Group in 2000, owns stakes in Burger King franchises and sushi fast-food chain Itsu.