Bridgepoint has agreed to acquire Kayne Anderson’s real estate business in a deal valued at around $1.4bn, as the firm looks to diversify its earnings and expand its international footprint, according to a report by Reuters.
The acquisition will add around $22bn of real estate assets, taking Bridgepoint’s total assets under management to approximately $117bn across private equity, credit, infrastructure and property.
The transaction comprises $759m in cash and around 189m newly issued Bridgepoin...
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