Ridgepost Capital, Inc. (RPC): M&A transaction — P10 completes $63M acquisition of Qualitas Funds, expands into European lower-middle market

Ridgepost Capital, Inc.

Initial consideration: $42.25M cash + $20.75M in P10 Class A stock; $4M stock held back for 5-year indemnification.
Earn-out of up to €31.7M based on run-rate net revenue from new funds raised by Dec 31, 2027.
Qualitas Funds is a Madrid-based private equity platform with ~$1B fee-paying AUM and 1,300+ LP clients.
Co-founders Eric Halverson and Sergio Garcia continue with the firm; P10 expands into Europe.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Ridgepost Capital, Inc. completed an acquisition involving Qualitas Funds Holdco, S.L. for $63 million initial purchase price (closed 2025-04-04).

Action: acquisition
Counterparty: Qualitas Funds Holdco, S.L.
Consideration: $63 million initial purchase price
Closing: 2025-04-04

Exact text from the filing

provider, today announced it has completed its previously announced acquisition of Qualitas Equity Funds SGEIC, S.A. (“Qualitas Funds”) for an initial purchase price of $63 million, with the potential for additional earnout consideration. Qualitas Funds is a Madrid-based private equity investing platform that provides fund-of-funds, direct co-investing and

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Ridgepost Capital, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-051355

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