### Apollo to Acquire Bridge Investment Group for $1.5 Billion
Apollo has reached an agreement to acquire Bridge Investment Group in an all-stock deal valued at approximately $1.5 billion. Bridge currently manages $50 billion in assets, primarily in residential and industrial properties. This acquisition will nearly double Apollo’s real estate holdings, bringing its total to over $110 billion.
As part of the agreement, Bridge stockholders will receive 0.07081 shares of Apollo stock for each of their shares, equating to $11.50 per share. Following the transaction, Bridge will continue to operate as an independent platform under Apollo’s asset management division, maintaining its existing brand and leadership team. The deal is expected to immediately contribute to Apollo’s fee-related earnings.
This acquisition significantly expands Apollo’s real estate equity platform and enhances its origination capabilities. The transaction is anticipated to close in the third quarter of 2025. Bridge’s management and affiliates, holding approximately 51.4% of voting power, have committed to supporting the deal.
“Their business will complement and further augment our existing real estate capabilities, and we believe we can help scale Bridge’s products by leveraging the breadth of our integrated platform,” said David Sambur, Apollo’s partner and co-head of equity.
Financial advisors on the transaction include BofA Securities, Citi, Goldman Sachs, Morgan Stanley, and Newmark Group for Apollo. Legal counsel is provided by Paul, Weiss, Rifkind, Wharton & Garrison LLP and Sidley Austin LLP. JPMorgan Securities is serving as financial advisor to Bridge, with legal counsel from Latham & Watkins LLP. Additionally, Lazard is advising the special committee of the Bridge board of directors, with legal counsel from Cravath, Swaine & Moore LLP.
*Pictured: Bridge Investment Group’s recently acquired Glen 91 in Glendale, AZ.*
About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax (www.griffintax.com) and REVVED Up Accounting (www.revvedupaccounting.com). In addition, Steve founded Madison Avenue Technology (www.madisonave.tech). With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
