UK private equity firm acquiring Kayne Anderson Real Estate

The real estate arm of Kayne Anderson is set to be sold in a deal that values the investment platform at well more than $1 billion. Bridgepoint Group announced the acquisition of Kayne Anderson Real Estate on Monday morning. The deal grants KARE an enterprise value of nearly $1.4 billion. As part of the acquisition, Kayne Anderson shareholders will receive 189 million in newly issued shares of Bridgepoint. They will also receive $759 million in cash. Bridgepoint expects the acquisition will boost the company’s earnings per share by somewhere in the mid-single-digit percentage range next year and by more than […]

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