MANAGEMENT BUYOUT OF REAL ESTATE FIRM BRIDGE INVESTMENT GROUP BY APOLLO GLOBAL MANAGEMENT TO BE VALUED AT $1.5 BILLION
Apollo Global Management is set to acquire Bridge Investment Group, a real estate firm that manages over $50 billion in assets, in an all-stock deal valued at approximately $1.5 billion. The acquisition will expand Apollo's real estate offerings and enhance its origination capabilities in both real estate equity and credit. By purchasing Bridge, Apollo aims to increase its scale in the real estate market and bolster its position as a leading asset manager.
- This significant investment highlights the growing trend of private equity firms seeking to diversify their portfolios through strategic acquisitions, potentially leading to increased competition in the real estate sector.
- How will this management buyout impact the long-term growth prospects of both Apollo Global Management and Bridge Investment Group, particularly in terms of their ability to execute on their respective asset management targets?