BRIEF-Bridge Investment Group To Acquire The Business Of Newbury Partners, Diversifying Bridge’S Product Offerings And Client Base With Leading Pe Secondaries Platform

Reuters2023-02-14

Feb 14 (Reuters) - Bridge Investment Group Holdings Inc

* BRIDGE INVESTMENT GROUP TO ACQUIRE THE BUSINESS OF NEWBURY PARTNERS, DIVERSIFYING BRIDGE’S PRODUCT OFFERINGS AND CLIENT BASE WITH LEADING PE SECONDARIES PLATFORM

* BRIDGE INVESTMENT GROUP HOLDINGS INC - ACCRETIVE TRANSACTION WOULD CREATE COMBINED ORGANIZATION WITH $48.5 BILLION IN ASSETS UNDER MANAGEMENT

* BRIDGE INVESTMENT GROUP HOLDINGS INC - ALL-CASH TRANSACTION IS VALUED AT $320.1 MILLION

* BRIDGE INVESTMENT GROUP HOLDINGS INC - IN CONNECTION WITH THIS TRANSACTION, BRIDGE HAS ENTERED INTO A $150 MILLION NOTE PURCHASE AGREEMENT

* BRIDGE INVESTMENT GROUP HOLDINGS: NOTE PURCHASE DEAL CONSISTS $120 MILLION OF 5.99% NOTES WITH A 7-YEAR TERM AND $30 MILLION OF 6.10% NOTES WITH A TEN-YEAR TERM

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;;))

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