Apollo to Buy Real-Estate Firm for $1.5 Billion as it Seeks to Fill Gaps
The deal for Bridge Investment Group will push Apollo’s real-estate assets under management to more than $110 billion.
Apollo to buy real-estate management firm Bridge Investment for $1.5 billion
(Reuters) -Alternative asset manager Apollo Global Management will buy real estate firm Bridge Investment Group for about $1.5 billion in an all-stock deal, expanding its real estate offerings. Bridge stockholders and unit holders of its subsidiary will each receive 0.
Apollo to buy Bridge Investment as it accelerates drive into real estate
New York-based Apollo has said it will purchase Bridge Investment Group for $1.5bn in stock, a deal that will significantly expand its real estate assets, an area where the credit and buyout investment titan has lagged behind its rivals.
Apollo fills real-estate gap with $1.5 billion Bridge Investment deal
Apollo Global Management Inc. has become one of the largest private-equity firms in the world by focusing on equity and debt investments as well as managing assets for the insurance sector. Compared with rival Blackstone Inc.
Apollo to Buy Bridge for $1.5 Billion in Real Estate Expansion
Apollo Global Management Inc. agreed to buy Bridge Investment Group Holdings Inc. for about $1.5 billion in an all-stock deal, as the asset manager expands in real estate.
Apollo Strikes $1.5 Billion All-Stock Deal to Buy, Take Private Bridge Investment
Apollo Global Management (APO) agreed to acquire and take private real estate-focused investment firm Bridge Investment Group (BRDG) in an all-stock deal worth $1.5 billion that is expected to strengthen Apollo's real estate equity platform.
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