UK's Bridgepoint rises after $1.39 bln US real estate platform deal
Today 08:39
BUZZ-UK's Bridgepoint rises after $1.39 bln US real estate platform deal ** Private equity firm Bridgepoint's BPTB.L shares up 9.5% at 254.6p
** BPTB agrees to acquire U.S. real estate investment platform Kayne Anderson Real Estate for an enterprise value of ~$1.39 bln, boosting combined AUM to ~$117 bln
** Deal expected to be mid-single digit EPS accretive in 2027 and over 20% accretive in 2028; completion expected by the end of 2026
** In 2026, BPTB down 10.3%
(Reporting by Judes Joseph in Bengaluru)