Business & Finance
Bridgepoint Buys Large Stake in Danish Drone Firm UMag Solutions
Key Points
Bridgepoint Buys Large Stake in Danish Drone Firm UMag Solutions UK-listed private capital firm Bridgepoint Group is acquiring a majority stake in UMag Solutions ApS, a Danish defense technology company, adding to a raft of deals involving dronemakers. Bridgepoint will partner with the founders of UMag, who will remain significant shareholders and continue to lead the business, according to a statement seen by Bloomberg News. The deal values the company at about €250 million ($286 million)...
Bridgepoint Buys Large Stake in Danish Drone Firm UMag Solutions
UK-listed private capital firm Bridgepoint Group is acquiring a majority stake in UMag Solutions ApS, a Danish defense technology company, adding to a raft of deals involving dronemakers.
Bridgepoint will partner with the founders of UMag, who will remain significant shareholders and continue to lead the business, according to a statement seen by Bloomberg News. The deal values the company at about €250 million ($286 million) including debt, people familiar with the matter said, declining to be identified discussing confidential information.