### Apollo to Acquire Bridge Investment Group for $1.5 Billion
Apollo has reached an agreement to acquire Bridge Investment Group in an all-stock transaction valued at approximately $1.5 billion. Bridge manages $50 billion in assets, primarily focused on residential and industrial properties. This acquisition will nearly double Apollo’s real estate holdings, elevating them beyond $110 billion.
Under the terms of the deal, Bridge stockholders will receive 0.07081 shares of Apollo stock for each share they own, priced at $11.50 per share. Following the acquisition, Bridge will continue to operate as an independent platform within Apollo’s asset management division, retaining its brand identity and leadership team. The deal is anticipated to be immediately accretive to Apollo’s fee-related earnings upon closing.
The acquisition will significantly enhance Apollo’s real estate equity platform, providing immediate scale and strengthening its origination capabilities. The transaction is slated for completion in the third quarter of 2025. Bridge’s management and affiliates, who collectively hold approximately 51.4% of voting power, have agreed to support the transaction.
“This business will complement and further strengthen 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 partner and co-head of equity.
BofA Securities, Citi, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, and Newmark Group are acting as financial advisors to Apollo. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel, while Sidley Austin LLP is advising on insurance regulatory matters. JPMorgan Securities LLC is acting as financial advisor to Bridge, with Latham & Watkins LLP providing legal counsel. Lazard is advising the special committee of the Bridge board of directors, with Cravath, Swaine & Moore LLP as legal counsel.
**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.
