Bridgepoint $BPT agreed to acquire Kayne Anderson Real Estate for about $1.393B, including $759M cash and roughly 189M newly issued shares. Reuters reported the stock up 9.3% after the announcement, while Bridgepoint said pro forma AUM would rise to about $117B.
Roughly $1B is the reported price for Bridgepoint’s talks to buy Kayne Anderson’s real estate arm. The unit would add about $22B of assets under management and expand Bridgepoint’s U.S. property platform.
Bridgepoint $BPT is preparing a potential sale of Danish counter-drone company MyDefence at roughly $1B, the FT reported on June 14. The report says an adviser has been hired for a possible year-end auction and that MyDefence sales are poised to more than double this year.