Bridgepoint-backed BigHand bolts on Iphelion

Financial details of the transaction remain undisclosed, though BigHand's 2018 bolt-on of DW Reporting was entirely financed by debt provided by RBS and Barings.

The latest deal comes nine years after Bridgepoint acquired BigHand from LDC in a deal worth £49m.

Iphelion managing director Andy Driskell and chief technology officer Simon Ashby-Crowe will take seats on the BigHand board of directors as part of the deal.

Bridgepoint is invested in BigHand via Bridgepoint Development Capital II.

Company
Founded in 2006, London-headquartered Iphelion is a developer of document creation software for the legal sector. The business develops template management system Outline and proposals automation product PitchPoint.

People
BigHand – Ian Churchill (CEO); Dan Speed (managing director).
Iphelion – Andy Driskell (managing director); Simon Ashby-Crowe (chief technology officer).

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