Bridgepoint (LSE:BPT) shares climbed more than 8% on Monday after the private equity group announced an agreement to acquire U.S.-based Kayne Anderson Real Estate in a transaction valued at approximately $1.39 billion, including debt. The acquisition will be funded through a combination of $759 million in cash and around 189 million newly issued Bridgepoint shares.
The deal will increase Bridgepoint’s assets under management to approximately $117 billion from its current $95 billion, significantly expanding the group’s scale. The company said the acquisition will broaden its investment offering, diversify fee-based revenues and strengthen its presence in the U.S. market. Kayne Anderson’s existing management team will remain in place, with the business operating under the new Kayne Bridgepoint brand.
Bridgepoint expects the acquisition to be earnings enhancing, forecasting a mid-single-digit percentage increase in earnings per share during 2027 and growth of more than 20% in 2028. The company also issued standalone EBITDA guidance of between £390 million and £460 million for the 12 months ending December 2027. Subject to regulatory approvals, the transaction is expected to complete before the end of 2026.
More about Bridgepoint
Bridgepoint is a UK-listed alternative asset manager specialising in private equity, private credit, infrastructure and real estate investments. The firm manages capital on behalf of institutional investors and has an international presence across Europe, North America and Asia. The acquisition of Kayne Anderson Real Estate expands Bridgepoint’s real estate platform and strengthens its position in the U.S. investment market.
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