Apollo buys Bridge Investment Group for $1.5B
Apollo Global Management is acquiring Bridge Investment Group for $1.5 billion. Marc Rowan is ready to take a bigger bite out of real estate. The deal is expected to double Apollo’s real estate assets under management, pushing the number past $110 billion.
Bridge Investment soars 34% as Apollo set to buy real estate firm for $1.5bln
Apollo Global Management (NYSE:APO) has agreed to acquire real estate firm Bridge Investment Group Holdings Inc (NYSE:BRDG) in an all-stock transaction valued at approximately $1.5 billion, expanding its presence in real estate investing.
The deal for Bridge Investment Group will push Apollo’s real-estate assets under management to more than $110 billion.
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