General Atlantic to Buy Minority Stake in Tech Firm Kyriba

General Atlantic agreed to buy a minority stake in US treasury-management software provider Kyriba Corp. from Bridgepoint Group Plc.

The deal values the San Diego-based company at more than $3 billion and is expected to close this quarter, according to a statement on Wednesday, confirming an earlier Bloomberg News report. Bridgepoint plans to re-invest in Kyriba and remain its majority shareholder. Financial terms were not disclosed.

Bridgepoint took majority control of Kyriba in 2019 for $1.2 billion. The London-listed firm considered a sale of the software provider about two years ago, Bloomberg News reported at the time. Bridgepoint ...