The UK's Bridgepoint Group is about to complete a deal to acquire the real estate department for approximately $1 billion.

The UK private equity group Bridgepoint Group is set to reach a deal to acquire the real estate business unit of US investment company Cain Anderson for approximately $1 billion. Negotiations between the two investment firms are still ongoing, with the deal expected to be announced to the public as early as Monday. The transaction will be structured as a cash and equity payment, with the Cain Anderson real estate business unit estimated to be valued at around $1 billion.