US private equity firm swoops on build to rent specialist Sigma

Countryside Sigma Beam Park

PineBridge Benson Elliot makes £188m offer for suburban rental firm

Listed Build to Rent developer Sigma Capital has announced it has agreed to a £188m offer for the business from US property-focused private equity firm PineBridge Benson Elliot.

The price for the business represents a premium of 35.6% to yesterday’s closing share price.

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