Announced
Completed
Financials
Tags
Private Equity
investment manager
Private
investment banking
Majority
United States
Investment Banking
Acquisition
Domestic
Friendly
Single Bidder
Completed
Synopsis
Bridge Investment Group, a vertically integrated real estate investment manager, completed the acquisition of Newbury Partners, an investment manager, from RidgeLake Partners, a partnership between PA Capital and Ottawa Avenue Private Capital, for $320m. “This acquisition and our expansion into the attractive secondaries sector further diversifies our strong platform and positions Bridge for accelerated growth. We believe secondary investments are increasing in appeal to a growing group of investors and we are excited to add Newbury’s expertise to our platform,” Robert Morse, Bridge Executive Chairman.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.