Sigma Capital Group has agreed to be bought by a subsidiary of investment funds managed by PineBridge Benson Elliot for £188.4 million (€220 million/$267.1 million) in cash.
Sigma, a London-listed residential developer, said its board and the board of Six Bidco Ltd. — the entity through which PineBridge funds will make the acquisition — have agreed on the terms of conditions of an offer of £2.021 (€2.36/$2.85) per share, which represents a 36 percent premium to Sigma's closing price on Thursday.
