Mergers and Acquisitions Overview - Kuehn Law, PLLC is investigating potential claims related to several proposed mergers, focusing on whether the Boards acted to maximize shareholder value, failed to disclose material information, and conducted a fair process [1][2][3] Specific Mergers - Bridge Investment Group Holdings Inc. has agreed to merge with Apollo, where Bridge shareholders will receive 0.07081 shares of Apollo stock for each share [1] - Chimerix is set to merge with Jazz Pharmaceuticals, with Chimerix shareholders receiving $8.55 per share in cash [2] - Walgreens Boots Alliance will merge with Sycamore Partners, offering Walgreens shareholders $11.45 in cash and a non-transferable right to receive up to $3.00 in cash per share [2] - Siyata Mobile will be acquired by Core Gaming, with Siyata issuing common shares to Core Gaming shareholders [3] Shareholder Engagement - Kuehn Law emphasizes the importance of shareholder participation in ensuring the integrity and fairness of financial markets, encouraging concerned shareholders to get involved [4]

PHILADELPHIA, March 11, 2025 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating the recently announced proposed buyout of Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge”) shareholders. Click here for additional information: https://kaskelalaw.com/case/bridge-investment-group/ On February 24, 2025, Bridge announced that it had agreed to be acquired by investment firm Apollo in a stock-for-stock transaction. According to the announcement, Bridge stockholders and Bridge OpCo un ...

Dividends and Financial Policies - The company may pay dividends to stockholders, but this is subject to the Merger Agreement and the discretion of the board of directors, with potential limitations due to Delaware law[231]. - The ability to declare and pay dividends is dependent on the Operating Company's ability to generate earnings and cash flows, which may be restricted by various limitations[232]. - The board of directors has the discretion to change the dividend policy at any time, including reducing or eliminating dividends entirely[231]. Corporate Governance and Control - The company has opted out of Section 203 of the DGCL, prohibiting business combinations with any "interested" stockholder for three years, except for certain affiliates[246]. - The amended and restated certificate of incorporation includes provisions that may delay or prevent a change of control, such as a classified board of directors and limitations on special stockholder meetings[245]. Compliance and Regulatory Costs - The company incurs significant costs as a public company due to compliance with the Exchange Act, Sarbanes-Oxley Act, and NYSE listing requirements, which may strain resources[239]. - The company may face increased legal and financial compliance costs as a result of being a public company, which could affect its ability to attract and retain qualified board members[239]. - The company is required to maintain effective internal control over financial reporting, and failure to do so could lead to inaccurate financial reporting and potential sanctions[240]. Market and Stock Performance - Future sales of Class A common stock by the company or existing stockholders could negatively impact the market price of the stock[236]. - The issuance of additional securities in connection with investments or acquisitions may result in dilution for existing stockholders[238]. Climate Change and ESG Considerations - The company faces physical and transition climate change risks, which may lead to increased costs and liabilities, including compliance and construction costs[247]. - Increased scrutiny regarding climate change and ESG matters may constrain investment opportunities and adversely affect the ability to raise capital[248]. - The company engages in various initiatives to manage ESG matters, which can be costly and may not align with stakeholder expectations[248]. - Increased focus on sustainability by governmental authorities may require additional disclosures and compliance efforts, increasing operational complexity[248]. - Potential impacts of climate change on operations are uncertain and may vary across different geographies[247]. Financial Risk Exposure - As of December 31, 2024, the company had $1.2 million in non-interest bearing accounts and $89.4 million in interest-bearing accounts, indicating limited interest rate risk exposure[472]. - The company is exposed to credit and counterparty risk, which may affect access to financing due to market conditions[473]. - The company does not possess significant foreign assets, thus changes in foreign exchange rates are not expected to materially impact financial statements[474]. - The company does not use derivative financial instruments to manage interest rate risk exposure[472]. Management Fees - Management fees are generally based on commitments or invested capital, making them less sensitive to changes in investment values[471].

PHILADELPHIA, March 3, 2025 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating the fairness of the recently announced buyout of Bridge Investment Group Holdings Inc. (NYSE: BRDG) ("Bridge") shareholders.Click here for additional information: https://kaskelalaw.com/case/bridge-investment-group/On February 24, 2025, Bridge announced that it had agreed to be acquired by investment firm Apollo in a stock-for-stock transaction.  According to the announcement, Bridge stockholders and Bridge OpCo u ...

NEW YORK, Feb. 24, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Bridge Investment Group Holdings Inc. (NYSE: BRDG), relating to the proposed merger with Apollo. Under the terms of the agreement, Bridge stockholders and Bridge OpCo unitholders will receive ...

NEW YORK, Feb. 24, 2025 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Bridge Investment Group Holdings Inc. (NYSE: BRDG) and its board of directors concerning the proposed acquisition of the company by Apollo (NYSE: APO). Stockholders will receive 0.07081 shares of Apollo common stock for each share of Bridge Investment stock that they hold. The transaction is valued at approximately $1.5 billion and is expected to close in the third quarter of 2025.If you are a sto ...

Financial Performance - Bridge Investment Group Holdings Inc. reported quarterly earnings of $0.18 per share, exceeding the Zacks Consensus Estimate of $0.16 per share, and up from $0.14 per share a year ago, representing an earnings surprise of 12.50% [1] - The company posted revenues of $81.96 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.79%, and an increase from year-ago revenues of $70.52 million [2] Market Performance - Bridge Investment Group shares have declined approximately 5.7% since the beginning of the year, while the S&P 500 has gained 2.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.19 on revenues of $85.3 million, and for the current fiscal year, it is $0.80 on revenues of $366.4 million [7] Industry Outlook - The Real Estate - Operations industry, to which Bridge Investment Group belongs, is currently ranked in the bottom 15% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - The outlook for the industry can significantly impact the performance of individual stocks, with research showing that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Financial Performance - Net income for the fourth quarter of 2024 was $15.4 million, while the full year net income was $16.7 million[2]. - Distributable earnings for the fourth quarter were $32.6 million, or $0.18 per share after-tax, and for the full year were $128.4 million, or $0.69 per share after-tax[3]. - Fee related earnings for the fourth quarter were $34.4 million, and for the full year were $136.6 million[2]. - Total revenues for the fourth quarter were $103.4 million, compared to $94.1 million in the same quarter of 2023, representing a 13.8% increase[17]. - Total expenses for the fourth quarter were $99.7 million, compared to $94.8 million in the same quarter of 2023, reflecting a 5.5% increase[17]. - Net income attributable to Bridge Investment Group Holdings Inc. for the fourth quarter was a loss of $4.0 million, with a loss per share of $(0.15)[19]. - GAAP net income for Q4 2024 was $15.4 million, a significant increase of 2,181% compared to $0.7 million in Q4 2023[20]. - Distributable Earnings (DE) for Q4 2024 were $32.6 million, a 29% increase from $25.3 million in Q4 2023[20]. - The company reported a net investment and interest income expense of $(4.711) million for the quarter[1]. - Distributable After-Tax Earnings available to Common Shareholders for Q4 2024 was $5,839 million, translating to $0.18 per share based on 33,194,308 shares outstanding[103]. Asset Management - The company managed approximately $50 billion in assets as of December 31, 2024[6]. - Gross Assets Under Management (AUM) at the end of Q4 2024 stood at $49.8 billion, up from $47.7 billion in Q4 2023[20]. - As of December 31, 2024, the total Assets Under Management (AUM) reached $49.845 billion, reflecting a 1.3% increase from the previous quarter and a 4.5% increase year-over-year[93]. - The Fund's Fair Equity Assets Under Management (FEAUM) increased to $22.306 billion, representing a 2.5% growth for the quarter and a 2.8% increase year-over-year[94]. - Carry-eligible AUM reached $18.3 billion, representing over 82% of Fee Earning AUM[64]. - Total assets as of December 31, 2024, amounted to $1,247.4 million, while total liabilities were $741.5 million[72]. Capital Activity - Capital raised in Q4 2024 was $0.8 billion, a 174% increase compared to $0.3 billion in Q4 2023[20]. - Capital deployed in Q4 2024 was $0.6 billion, a decrease of 37% from $0.9 billion in Q4 2023[20]. - New capital commitments raised during the quarter amounted to $1.073 billion, while distributions totaled $619 million[93]. - The company raised approximately $15.6 billion of capital over the last five years, indicating strong investor support[74]. Dividends - The company declared a quarterly dividend of $0.11 per share, payable on March 28, 2025[4]. - The company declared a quarterly dividend of $0.11 per share of Class A common stock, payable on March 28, 2025[20]. Performance Allocations - Performance allocations for the full year included realized gains of $49.2 million and unrealized losses of $(42.4) million[17]. - Realized performance allocations for Q4 2024 were $18.8 million, a 102% increase from $9.3 million in Q4 2023[20]. - Total net fund-level fee revenues for Q4 2024 reached $71,500 million, with fund management fees contributing $62,298 million[105]. - Total Fee Related Earnings attributable to the Operating Company was $34,401 million, with realized performance allocations and incentive fees amounting to $17,578 million[105]. Employee Compensation - Cash-based employee compensation and benefits increased to $37,275,000 in Q3 2023 from $29,351,000 in Q4 2022[87]. - Cash-based employee compensation and benefits for Q4 2024 totaled $(39,013) million, impacting overall fee-related expenses[105]. Market Outlook - The company anticipates continued market expansion and new product development to enhance future earnings potential[106]. - The performance of residential housing funds was notably strong, attributed to the company's vertical integration strategy[66]. Financial Metrics - Distributable Earnings attributable to the Operating Company for Q3 2023 were $40,798,000, up from $35,637,000 in Q4 2022[89]. - The company achieved a recurring fund management fees CAGR of approximately 17% from FY20 to FY24[76]. - Fee Related Earnings to the Operating Company in Q4 2024 increased by 6% quarter over quarter, driven by lower Fee Related Expenses[56]. - Distributable Earnings to the Operating Company increased by 15% quarter over quarter, primarily due to lower Fee Related Expenses and higher net realized performance fees[56]. Fund Performance - The total investment-level returns for the Bridge Multifamily Funds showed a cumulative investment multiple of 1.29x and an unlevered net IRR of 13.3% as of December 31, 2024[112]. - The Bridge Multifamily V fund, launched in July 2021, reported a current investment multiple of 0.79x and an unlevered net IRR of (15.7)%[112]. - Total investment-level for Single Family Funds reached $324 million with a cumulative investment of $308 million, yielding a 15.3% investor return[114]. - Opportunity Zone Funds reported a total investment of $950 million, with a cumulative investment of $1,003 million, resulting in a negative return of (4.3)%[114]. - Logistics Value Fund has a total investment of $336 million and a cumulative investment of $309 million, showing a negative return of (3.4)%[114]. - Total Debt Strategies Funds accumulated $5,646 million in committed capital, with a cumulative investment of $20,294 million, yielding an 8.4% investor return[114]. - Bridge Debt IV has a total investment of $2,888 million and a cumulative investment of $10,269 million, resulting in a 3% investor return[114]. Definitions and Clarifications - Distributable Earnings (DE) is a key performance measure that differs from net income before taxes, excluding various non-recurring items[118]. - Assets Under Management (AUM) includes the fair value of assets and uncalled capital commitments, not reduced by any outstanding liabilities[118]. - Fee-Earning AUM (FEAUM) reflects assets from which management fee revenue is earned, based on capital commitments or invested capital[118]. - Dry Powder represents uncalled committed capital available for investment, indicating potential future investment capacity[118]. - Fee Related Revenues includes fund management fees, transaction fees, and net earnings from property operators, contributing to overall earnings growth[119]. - Fee Related Expenses are adjusted to exclude incentive fees and non-recurring items, enhancing the clarity of operational performance[119]. - Fund management fees are based on total commitments and net asset value, typically recognized on a quarterly basis[119]. - The Operating Company serves as a holding entity for affiliates providing asset management services, ensuring streamlined operations[119]. - Sponsored Funds are structured to pay fees, indicating a diversified revenue stream for the company[119].

Company Overview - Bridge Investment Group Holdings Inc. (BRDG) is anticipated to report a year-over-year increase in earnings due to higher revenues for the quarter ended December 2024 [1] - The consensus estimate for quarterly earnings is $0.16 per share, reflecting a year-over-year change of +14.3% [3] - Expected revenues are projected to be $81.32 million, which is a 15.3% increase from the same quarter last year [3] Earnings Expectations - The stock may experience upward movement if the earnings report exceeds expectations, with the release scheduled for February 24 [2] - Conversely, if the earnings miss expectations, the stock could decline [2] - The consensus EPS estimate has been revised 2.78% higher in the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Bridge Investment Group is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.04% [10][11] - This suggests a bearish outlook from analysts regarding the company's earnings prospects [10] - The company currently holds a Zacks Rank of 4, making it challenging to predict a beat on the consensus EPS estimate [11] Historical Performance - In the last reported quarter, the company was expected to post earnings of $0.18 per share but only achieved $0.15, resulting in a surprise of -16.67% [12] - Over the past four quarters, Bridge Investment Group has beaten consensus EPS estimates two times [13] Industry Comparison - In the Zacks Real Estate - Operations industry, Cushman & Wakefield (CWK) is expected to report earnings of $0.48 per share for the same quarter, indicating a year-over-year change of +6.7% [17] - CWK's revenue is projected to be $2.65 billion, up 3.7% from the previous year [17] - Despite a 3.5% downward revision in EPS estimates over the last 30 days, CWK has an Earnings ESP of 7.14%, suggesting a likely beat on the consensus EPS estimate [18]

Group 1 - Bridge Investment Group Holdings Inc. (NYSE: BRDG) reports $49.2 billion in assets under management, leveraging proprietary data and technology platforms to identify investment opportunities [1] - The company has a history of providing returns to investors and is supported by a team of investment professionals [1] - The focus of the analysis includes small and medium-cap companies across Europe, the United States, and South America, with an emphasis on mature industries such as mining, oil and gas, and real estate [1] Group 2 - The investment strategy targets an internal rate of return of approximately 5%-7%, with a preference for M&A deals, deep value investments, and dividend investing [1] - The analyst expresses a beneficial long position in BRDG shares, indicating confidence in the company's performance [2]