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Bridgepoint to Buy Kayne Anderson Real Estate for $1.4 Billion

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.
UK (LOCATION) Bridgepoint Group Plc (ORG) Florida (LOCATION) Kayne Anderson Real Estate (PERSON) US (LOCATION) Kayne Anderson (PERSON) Bridgepoint (ORG)
Originally published by Bloomberg Markets Read original →