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Bridgepoint to Buy Kayne Anderson Real Estate for $1.4 Billion
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Bridgepoint to Buy Kayne Anderson Real Estate for $1.4 Billion UK private equity firm Bridgepoint Group Plc has agreed to buy Florida-based Kayne Anderson Real Estate, the group’s first push into US property. The deal values Kayne Anderson Real Estate, which has about $22 billion of real estate debt and equity under management, at almost $1.4 billion, according to a statement Monday. Kayne Anderson shareholders will receive approximately 189 million Bridgepoint shares and $759 million in...
Bridgepoint to Buy Kayne Anderson Real Estate for $1.4 Billion
UK private equity firm Bridgepoint Group Plc has agreed to buy Florida-based Kayne Anderson Real Estate, the group’s first push into US property.
The deal values Kayne Anderson Real Estate, which has about $22 billion of real estate debt and equity under management, at almost $1.4 billion, according to a statement Monday. Kayne Anderson shareholders will receive approximately 189 million Bridgepoint shares and $759 million in cash under the terms of the deal.