SAN DIEGO -- Bridgepoint, one of the world’s leading quoted private asset growth investors, and Kyriba, the global leader in liquidity performance, announced that Bridgepoint will reinvest in Kyriba following a period of record growth for the business and will remain the majority shareholder. In addition, Bridgepoint and Kyriba will welcome a new minority investor, General Atlantic, a leading global growth investor.

The transaction, which values the company at over $3 billion, is expected to close in Q4 2024, and financial terms beyond this were not disclosed.

Following five years of support from Bridgepoint, Kyriba has grown substantially in this period, tripling its software revenue and evolving from a pioneer in treasury management to the leader in liquidity performance solutions. Today, Kyriba serves close to 3,000 customers in 170 countries.

With a significant investment from its latest flagship fund, Bridgepoint will support Kyriba’s next phase of growth and mission to provide best-in-class liquidity performance solutions to companies around the world looking to navigate increasing volatility.

Partnering with General Atlantic brings additional deep technological and operational expertise to the business.

Kyriba, Bridgepoint and General Atlantic share a collective ambition to reinforce Kyriba’s market leadership, while delivering gold standard cloud treasury and liquidity performance solutions for CFOs, treasurers, and finance teams, to help them connect, protect, forecast and optimize their liquidity, as well as create value for investors and an incredible place to work for Kyriba’s people.

Kyriba Chair and CEO Melissa Di Donato said: “With Bridgepoint as a trusted partner, we’ve achieved significant growth and strengthened our leadership in liquidity performance. We’re excited to continue our journey with Bridgepoint and now also General Atlantic. Together, we will accelerate our investment in technology and talent, creating innovation that we know our customers will need in the future. This marks the beginning of a new era for Kyriba as we consolidate our position as the leader in liquidity performance, grow our business and expand our market share.”

David Nicault, Partner and Global Head of Tech Investment at Bridgepoint, said: “Our journey with Kyriba has been quite remarkable. It began five years ago with our partnership with Kyriba’s founder, Jean-Luc Robert, to support the company’s transition into the clear leader in liquidity performance solutions. We’re excited to continue working with Melissa Di Donato and her team and welcome General Atlantic. With an addressable market of $15 billion for enterprise liquidity performance and significant white space, the growth opportunities ahead are vast, and we look forward to supporting Kyriba as it reaches new heights.”

Gabriel Caillaux, Co-President and Head of EMEA at General Atlantic, said: “We view Kyriba as a category leader providing comprehensive liquidity performance solutions to CFOs at a time when their functions continue to expand in scope and depth. We look forward to partnering with Melissa, the Kyriba management team and Bridgepoint to support the company in driving further product range innovation and business growth in what is a large and durable market.”