PAI Partners Acquires HKA from Bridgepoint

HKA Acquires Credibility International

May 3, 2023

Professional Services

HKA has acquired Credibility International, a Washington, D.C.-based forensic accounting firm founded in 2010 by Timothy Hart. The acquisition strengthens HKA’s capabilities in forensic accounting, financial fraud investigations, valuation and expert witness services — bolstering its U.S. and global dispute and litigation support offering.

HKA Acquires ASQ Consulting Group

September 21, 2023

Consulting

HKA has acquired ASQ Consulting Group, a Houston-based expert witness and forensic accounting firm, to expand its U.S. forensic accounting, commercial damages, and intellectual property (including FRAND and ITC) capabilities. The acquisition adds ASQ's specialized IP and litigation support expertise and its team in the United States to HKA's global dispute resolution and litigation support platform.

PAI Partners to Acquire Majority Stake in Infra Group

July 6, 2023

Infrastructure

PAI Partners has agreed to acquire a majority stake in Infra Group, a Belgium-headquartered multi-disciplinary network infrastructure services provider. The investment will make PAI the largest shareholder alongside existing investors ICG, Andera Partners and the management team, and will support Infra Group's growth strategy to accelerate expansion organically and via complementary acquisitions.

PAI Partners Joins Hg as Co-Controlling Investor in Azets Group

June 19, 2023

Accounting & Tax

PAI Partners has agreed to invest in Azets Group, taking an equal, co-controlling stake alongside existing investor Hg. The recapitalization will support Azets’ next phase of growth — accelerating organic expansion and strategic M&A across Europe — while enabling liquidity for existing investors; Azets operates ~7,600 professionals, serves ~93,000 clients and generates ≈£700m in revenue.

VDA Acquires HKA Vertical Transportation Consulting

August 11, 2025

Engineering Services

VDA, a leading vertical transportation consulting and inspection firm, has acquired HKA Vertical Transportation Consulting, a Southern California–based elevator and escalator consulting firm with over 60 years of experience. The deal expands VDA's footprint and technical capabilities in the western United States while giving HKA access to VDA's nationwide network and resources.

Bridgepoint Acquires Majority Stake in Kyriba

March 28, 2019

Cloud & SaaS

Bridgepoint, an international private equity firm, agreed to invest $160 million to acquire a majority stake in Kyriba, valuing the cloud treasury and finance software provider at $1.2 billion. The capital will fund product innovation, customer support and global expansion, while several existing investors (Upfront Ventures, Bpifrance, SumeruEquity Partners and HSBC) realize exits and some investors (Daher Capital, Iris Capital and CEO Jean‑Luc Robert) remain invested.