Business
Acquisition of Kane Anderson Real Estate
Bridgepoint Group plc is acquiring Kayne Anderson Real Estate for an upfront enterprise value of approximately $1,393 million, comprising $759 million in cash and approximately 189 million newly issued Bridgepoint Shares, with additional consideration tied to performance hurdles. This acquisition is expected to significantly strengthen Bridgepoint's position as a leading global middle-market private markets platform, increasing its Assets Under Management (AUM) to approximately $117 billion across private equity, credit, infrastructure, real estate, and secondaries. The transaction is projected to be accretive to Bridgepoint's EPS, boosting it by a mid-single-digit percentage in 2027 and over 20% in 2028, and is anticipated to complete by the end of 2026, subject to shareholder and regulatory approvals. Disclaimer*
About this update from Bridgepoint Group Plc
29 June 2026 FOR IMMEDIATE RELEASE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS IS AN ANNOUNCEMENT AND NOT A CIRCULAR OR EQUIVALENT DOCUMENT AND INVESTORS AND PROSPECTIVE INVESTORS SHOULD NOT MAKE ANY VOTING DECISION ON THE BASIS OF ITS CONTENTS. A CIRCULAR IN RELATION TO THE TRANSACTION DESCRIBED IN THIS ANNOUNCEMENT WILL BE PUBLISHED IN DUE COURSE. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION Bridgepoint Group plc ("Bridgepoint" or the "Company") Bridgepoint to acquire Kayne Anderson Real Estate, strengthening its position as a leading global middle-market private markets platform with c.$117 billion of AUM • Kayne Anderson Real Estate is a leading real estate investment platform on a strong growth trajectory, with its latest flagship fund, KAREP VII, having raised $5.12 billion - nearly double the size of its predecessor • Combined platform will span private equity, credit, infrastructure, real estate and secondaries, with approximately $117 billion of Assets Under Management ("AUM") • Transaction further diversifies Bridgepoint's product offering, geographic footprint and sources of recurring fee income, accelerating the Enlarged Group's long-term growth ambitions • Kayne Anderson Real Estate's experienced management and investment team, led by Al Rabil, will continue to manage the business under the new Kayne Bridgepoint brand, supporting continuity of management and client relationships • Upfront enterprise value of approximately $1,393 million, comprising $759 million of cash and approximately 189 million newly issued Bridgepoint Shares, with further consideration subject to management fee-related performance hurdles • Attractive valuation, with Kayne Anderson Real Estate acquired at a high single-digit multiple of expected 2027 EBITDA, reducing to a mid-s...
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