Apollo Acquires Bridge Investment Group, Expands Alternative Asset Management Portfolio

Apollo Global Management has completed its acquisition of Bridge Investment Group, expanding its alternative asset management business. The acquisition aims to increase Apollo's presence in the real estate sector, particularly in the U.S. and Asia. Bridge Investment Group has $5.4 billion in assets under management and specializes in real estate equity and debt investments. The deal is expected to enhance Apollo's capabilities in the real estate sector and further solidify its position as a leading alternative asset manager.

Apollo Global Management (NYSE: APO) has successfully completed its acquisition of Bridge Investment Group, a leading alternative investment manager specializing in real estate equity and debt investments. The all-stock transaction, valued at $11.50 per share, aims to expand Apollo's presence in the real estate sector, particularly in the U.S. and Asia.

Bridge Investment Group, with approximately $5.4 billion in assets under management, will maintain its existing brand, management, and investment teams as a platform company within Apollo's asset management business. The acquisition will enhance Apollo's capabilities in the real estate sector and further solidify its position as a leading alternative asset manager.

Bridge's specialized operating expertise in real estate verticals complements Apollo's existing strengths in real estate debt. The combined platform will create a full-service real estate investment operation capable of deploying capital across the capital structure throughout market cycles.

The acquisition is expected to provide Apollo shareholders with vertical integration in a high-growth sector without the disruption risks typically associated with full-scale mergers. Former Bridge shareholders now have exposure to Apollo's broader alternative investment platform while potentially benefiting from improved liquidity in Apollo's stock.

Advisors BofA Securities, Citi, Goldman Sachs, Morgan Stanley, JP Morgan, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Sidley Austin LLP, Lazard, and Cravath, Swaine & Moore LLP were involved in the transaction, indicating the complexity and thorough due diligence involved.

[1] https://www.stocktitan.net/news/APO/apollo-completes-acquisition-of-bridge-investment-frdxwzvbzauh.html