Apollo Global Management has completed its acquisition of Bridge Investment Group Holdings for $1.5 billion. The deal provides Apollo with scale in real estate equity and enhances its origination capabilities. Bridge manages approximately $50 billion in assets across residential, industrial, and niche real estate verticals. The acquisition is expected to be accretive to Apollo's fee-related earnings and nearly doubles its real estate assets under management to over $110 billion.
Apollo Global Management, Inc. (NYSE: APO) has completed its acquisition of Bridge Investment Group Holdings Inc. (NYSE: BRDG) in an all-stock transaction valued at approximately $1.5 billion [1]. The acquisition provides Apollo with immediate scale in real estate equity and strengthens its origination capabilities across various market sectors.
Bridge Investment Group manages approximately $50 billion in assets, diversified across residential, industrial, and niche real estate verticals. The deal is expected to be accretive to Apollo's fee-related earnings and nearly doubles its real estate assets under management to over $110 billion.
As part of the transaction, Bridge will operate as a standalone platform within Apollo's asset management business, retaining its existing brand, management team, and dedicated capital formation team. Bob Morse, Executive Chairman of Bridge, will become an Apollo Partner and lead Apollo's real estate equity franchise.
The acquisition is subject to customary closing conditions, including approval by a majority of the Class A common stock and Class B common stock of Bridge, voting together, and the effectiveness of the registration statement to be filed by Apollo with the SEC pursuant to the Merger Agreement [2].
References:
[1] https://natlawreview.com/press-releases/apollo-completes-acquisition-bridge-investment-group
[2] https://www.marketscreener.com/news/apollo-global-management-inc-completed-the-acquisition-of-bridge-investment-group-holdings-inc--ce7d59dad889f426
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