Movers: Overseas firm buys Kayne Anderson in $1.4B deal
Bridgepoint Group is expanding its U.S. footprint with the acquisition of Boca Raton-based Kayne Anderson Real Estate. In a deal valued at $1.4 billion, Kayne Anderson shareholders will receive $189 million in newly issued Bridgepoint shares and $759 million in cash, The Real Deal previously reported. KARE co-founder Al Rabil will continue to lead the business under the Kayne Bridgepoint brand. The deal is expected to close by the end of the year. London-based Bridgepoint Group is a leading mid-market investor specializing in private equity, infrastructure, credit, secondaries and private wealth, according to its website. Led by CEO Raoul Hughes, […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Waterfront Gables Estates lot, once home to UMiami presidents, trades for $42M
Tyler Herro lists Pinecrest estate after trade to Milwaukee Bucks
$32M Surf Club Four Seasons condo under contract to flip for big profit
Coral Gables office buildings sell for $98M as noncore markets attract investors
Negroni restaurants seek bankruptcy with $330K-plus in rent claims
Real estate money pops up in increasingly heated Miami-Dade judicial race
South Florida’s top deals: Davie school building sells for $16M
Fed uncertainty keeps housing market guessing
Transit access reshapes housing affordability math
