Eight Advisory carried out the financial and tax buy-side due diligences for Bridgepoint in the context of the fundraising of Younited Credit.
Younited Credit is a French fintech founded in 2009 specialized in providing consumer credit. Younited claims to have granted €2.6 billion in credit in the five countries where it operates: France, Germany, Spain, Italy and Portugal. It now intends to further develop its activity in short term loans, for small amounts.
Bridgepoint is an international alternative asset fund management group focusing on the Middle Market. With offices in Europe, the US and China, funds managed by Bridgepoint acquire or invest in businesses with a European focus and seek to build stronger businesses with greatly enhanced long-term potential.
Younited Credit raised $170m (€143m), opening up to Goldman Sachs Growth Equity and Bridgepoint. Eurazeo Growth, Bpifrance Large Venture and AG2R La Mondiale also participated in the round. The deal, which partly ensures cash-out for early-stage business angels, brings the total funds raised since Younited Credit’s inception to $400m (€338m). Investors now hold more than 80% of Younited Credit’s capital.
The Eight Advisory team was composed of Pascal Raidron, Boris Bignon, Myriam Montillot, Anatole Meylan and Ya Wang.
The Eight Advisory Avocats team was composed of Guillaume Rembry and Baptiste Gachet.