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Bridgepoint Buys Large Stake in Danish Drone Firm UMag Solutions

Bridgepoint Buys Large Stake in Danish Drone Firm UMag Solutions
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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.
Bridgepoint Buys Large Stake (ORG) Danish (ORG) UK (LOCATION) Bridgepoint Group (ORG) UMag Solutions ApS (ORG) Bridgepoint (ORG) UMag (PERSON) Bloomberg News (ORG)
Originally published by Bloomberg Markets Read original →