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, […]

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