Bridgepoint has sold its majority stake in Dutch catering and hospitality company Vermaat to London-listed Compass Group, valuing the business at around €1.5 billion (about $1.8 billion).
The transaction, which is subject to approvals, marks a full exit for both Bridgepoint and minority investor Partners Group, after six years of investment.
The deal comes as broader European PE exit activity declined for a second straight quarter this year amid increased market volatility, with exit value in Q2 down 22.9% quarter-over-quarter and exit count falling 11.5%, according to PitchBook’s Q2 2025 European PE Breakdown.
Vermaat was founded in 1978 and operates 700 onsite catering and hospitality venues across various sectors. The company’s annual revenues have doubled to around €700 million since Bridgepoint’s acquisition in 2019.
More than 25% of its total revenue now comes from overseas after it made strategic acquisitions, including French catering firm Serenest and Germany’s L&D, which added over €100 million in revenue.
Bridgepoint’s dealmaking activity has ramped up in recent weeks. On Monday, the London-based PE firm acquired Mydentist, one of the UK’s leading public dental service providers, from Palamon Capital Partners. In June, Bridgepoint also acquired a controlling stake in Safe Life, a Swedish maker of automated external defibrillators, for around €500 million.
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