Brief: Bridge Investment Group To Acquire The Business Of Newbury Partners, Diversifying Bridge’S Product Offerings And Client Base With Leading Pe Secondaries Platform

Bridge Investment group

14/02/2023 11:12

Feb 14 (Reuters) - Bridge Investment Group Holdings Inc
 BRDG.N :
    * BRIDGE INVESTMENT GROUP TO ACQUIRE THE BUSINESS OF NEWBURY
PARTNERS, DIVERSIFYING BRIDGE’S PRODUCT OFFERINGS AND CLIENT
BASE WITH LEADING PE SECONDARIES PLATFORM
    * BRIDGE INVESTMENT GROUP HOLDINGS INC - ACCRETIVE
TRANSACTION
WOULD CREATE COMBINED ORGANIZATION WITH $48.5 BILLION IN ASSETS
UNDER MANAGEMENT
    * BRIDGE INVESTMENT GROUP HOLDINGS INC - ALL-CASH
TRANSACTION IS
VALUED AT $320.1 MILLION
    * BRIDGE INVESTMENT GROUP HOLDINGS INC - IN CONNECTION WITH
THIS
TRANSACTION, BRIDGE HAS ENTERED INTO A $150 MILLION NOTE
PURCHASE AGREEMENT
    * BRIDGE INVESTMENT GROUP HOLDINGS: NOTE PURCHASE DEAL
CONSISTS
$120 MILLION OF 5.99% NOTES WITH A 7-YEAR TERM AND $30 MILLION
OF 6.10% NOTES WITH A TEN-YEAR TERM

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