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 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.
Bridge Investment Stock Surges After Apollo Agrees to Buy Real-Estate Firm
Bridge Investment Group shares jumped by roughly one-third following the news that Apollo Global Management is buying the real-estate investment firm for $1.5 billion. Dig deeper:
Apollo to buy Bridge Investment as it accelerates drive into real estate
Private capital giant Apollo Global has agreed to buy a real estate investment group as it seeks to compete more aggressively with rivals including Blackstone, KKR and Brookfield.
Apollo to Acquire Bridge Investment Group
Scaled Investment Platform Expands Apollo’s Origination Capabilities in Residential and Industrial Real EstateBridge Manages $50 Billion of
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.
Bridge Investment jumps on report of Apollo $1.5B takeover
Bridge Investment Group (NYSE:BRDG) soared 12% in premarket trading after a report that Apollo Global (NYSE:APO) is acquiring the real estate investment company for about $1.5 billion in stock. Its shares have since been halted due to news being pending.
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