Home / Business and Economy / UK Firm Bridgepoint Acquires US Real Estate Giant
UK Firm Bridgepoint Acquires US Real Estate Giant
29 Jun
Summary
- Bridgepoint will acquire Kayne Anderson Real Estate for $1.39 billion.
- The deal includes $759 million cash and 189 million new shares.
- Combined assets under management will approach $117 billion.
UK private equity firm Bridgepoint announced on Monday its agreement to acquire Kayne Anderson Real Estate, a U.S.-based entity, for approximately $1.39 billion. This significant transaction includes $759 million in cash and the issuance of around 189 million new shares.
The acquisition is set to enhance Bridgepoint's market position by expanding its geographic reach into the United States and broadening its service portfolio. This strategic move is anticipated to increase fee income streams for the firm.
With this deal, the combined company is expected to oversee an impressive $117 billion in assets. Bridgepoint anticipates this acquisition will boost its earnings per share by a mid-single-digit percentage in 2027 and over 20% in 2028, reinforcing its presence in the U.S.
Bridgepoint's shares saw an increase of approximately 5% in early trading following the announcement.
