Interpath in talks to sell majority stake to Bridgepoint

Interpath has revealed it is in exclusive talks with private equity firm Bridgepoint over the sale of a majority stake, as the financial advisory group looks to accelerate its international growth.

The proposed deal would see Bridgepoint acquire control of the business from H.I.G. Capital, which has backed Interpath since its carve-out from KPMG UK in 2021. Financial terms were not disclosed.

Interpath employs more than 1,000 staff across 12 countries, including the UK, Ireland, France, Germany, Spain, the Caribbean and Hong Kong. The firm advises corporates, private equity sponsors and lenders across restructuring, turnaround, deals and broader financial advisory work.

The business is led by chief executive Mark Raddan, who will continue to run the firm following completion of the transaction.

Since becoming independent, Interpath has expanded its international footprint and diversified beyond its restructuring heritage into deals and advisory services. The firm said EBITDA has more than doubled since the carve-out, supported by revenue growth and increased demand for its services.

H.I.G. Capital’s investment followed the separation of Interpath from KPMG UK, where it had previously operated as the Big Four firm’s restructuring arm. The sale would represent a full exit for the US private equity group.

Under Bridgepoint’s ownership, Interpath plans to continue expanding internationally, broaden its service offering and pursue selective acquisitions, while focusing on recruitment and retention of senior advisory talent.

Bridgepoint has an established portfolio of professional services investments, including Alpha FMC, HKA, Analysys Mason and ERM, and typically backs businesses seeking to scale from a European base.

Mark Raddan, chief executive of Interpath, said: “Today marks an exciting new chapter for Interpath as we embark on a new partnership with Bridgepoint. Not only does the team believe in our ambition, but they also share the values and culture that define who we are.

“We are incredibly grateful to H.I.G. for their trust, support and belief in Interpath over the past five years. They backed our vision wholeheartedly – first, by helping us to establish strong foundations following our carve-out, and then by supporting us as we scaled both our international footprint and the services we provide.”

Charles Welham, partner and sector head for business and financial services at Bridgepoint, said: “We are thrilled to partner with Interpath’s outstanding leadership team as they enter their next phase of growth – building a more international and diversified business, and continuing to win share from more constrained and conflicted competitors.”

Nishant Nayyar, managing director at H.I.G. Capital, added: “When we established Interpath five years ago our ambition was to build the leading UK restructuring and financial advisory firm under a world-class management team. We are proud to have supported the Company’s strong growth, geographic expansion and diversification during our ownership.”

The transaction is subject to regulatory approvals and employee consultation processes, and is expected to complete in late Q2 or Q3 2026.