Bridgepoint Capital, the European private equity firm, has backed the management buy-in of Chrysalis TV, the production company behind the popular UK breakfast television show "Richard and Judy", in a £45m (€64m) deal.

The company is being sold by Chrysalis, the listed media group. Chrysalis TV's new management is led by Steve Morrison, Jules Burns and David Liddament, who have a track record of leading creative entreprises and experience of broadcasting. Michael Black, a director of Bridgepoint, said: "We believe Morrison and his team represent one of the strongest combinations in the sector."