On February 24, 2025, Apollo Global Management (NYSE: APO) and Bridge Investment Group Holdings Inc. (NYSE: BRDG) announced a definitive agreement for Apollo to acquire Bridge in an all-stock transaction. The deal is valued at approximately $1.5 billion.
Under the terms of the proposed transaction, Bridge shareholders and Bridge OpCo unitholders will receive 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively. The transaction is anticipated to close in the third quarter of 2025.
Bridge currently manages approximately $50 billion in assets under management, with a primary focus on the industrial and residential real estate sectors. This acquisition is strategically designed to expand Apollo’s origination capabilities within these key real estate segments.
The merger aligns with Apollo’s long-term growth strategy, aiming to integrate Bridge's specialized expertise and high-quality assets into its broader platform. This integration is expected to create a more scaled business with enhanced long-term earnings power and market presence.
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