Bridgepoint Capital, the pan-European buy-out firm, has made its first acquisition of a German company using the €2bn ($2bn) fund it closed earlier this year.

It has taken a stake in Kaffee Partner, a supplier of coffee and water dispensers. Deloitte & Touche provided Bridgepoint with corporate finance advice on the deal while Commerzbank provided debt. Kaffee Partner was advised by Doertenbach, local corporate financiers.