India, June 29 -- On Monday, Bridgepoint Group plc (BPT.L), a UK-based private investment company, announced that it has agreed to acquire of U.S.- based Kayne Anderson Real Estate from Kayne Anderson Capital Advisors, L.P. for an upfront enterprise value of $1.39 billion.
On the London Stock Exchange, the shares were trading 8.86 percent higher at 253.20 pence.
The deal price comprises $759 million of cash and approximately 189 million of newly issued Bridgepoint Shares.
The acquisition is expected to be earnings per share accretive, boosting Bridgepoint's earnings per share by a mid-single-digit percentage in 2027 and by more than 20 percent in 2028.
The transaction is expected to end at the end of 2026, subject to shareholder approva...