Bridgepoint $BPT rises 9% on $1.393B Kayne Anderson real estate deal

Bridgepoint $BPT rose 9.3% after the company signed a $1.393B agreement to acquire Kayne Anderson Real Estate, according to market reporting after the London announcement. The Bridgepoint RNS dated June 29, 2026 gives the upfront enterprise value as approximately $1,393M, made up of $759M in cash and about 189M newly issued Bridgepoint shares.

The deal clears the Tier-1 filter on two tests: M&A above $500M and a single-stock move above 8% tied to a named catalyst. Kayne Anderson Real Estate is headquartered in Boca Raton, Florida, and manages $22B of AUM across real estate equity and debt strategies. Bridgepoint said the combined platform would have about $117B of AUM across private equity, credit, infrastructure, real estate and secondaries.

The acquisition also changes Bridgepoint's geographic mix. The company said US-domiciled management-fee contribution is expected to rise from 28% to 42% on a pro forma basis. Real assets would increase to about 45% of pro forma AUM, compared with around one-third before the transaction.

Bridgepoint expects the transaction to be EPS accretive by a mid-single-digit percentage in 2027 and by more than 20% in 2028. It also said Kayne Anderson Real Estate's latest flagship fund, KAREP VII, closed on May 15, 2026 with $5.12B of commitments, nearly double its predecessor, and that the platform's AUM grew at about a 20% CAGR between 2019 and May 2026.

Completion is expected at the end of 2026, subject to shareholder approval, regulatory approvals and fund consents. The next documents to watch are the shareholder circular and any updates on the newly issued share component, because the consideration structure includes equity lock-ups through 2029 and possible additional shares in 2030 if fee-related performance hurdles are met.