Apollo to buy real estate firm Bridge Investment Group for $1.5 billion (updated)

Bridge Investment group

24/02/2025 13:15

(Adds details in paragraphs 2-3)
       Feb 24 (Reuters) - Alternative asset manager Apollo
Global Management  APO.N  will buy real estate firm Bridge
Investment Group  BRDG.N  for about $1.5 billion in an all-stock
deal, the companies said on Monday.
    After closing of the deal, expected in the third quarter of
2025, Bridge will operate as a standalone platform within
Apollo's asset management business, retaining its existing brand
and management team.
    Bridge Investment had a market capitalization of about $960
million, as of Friday's close, according to data compiled by
LSEG.

 (Reporting by Kannaki Deka in Bengaluru; Editing by Shilpi
Majumdar)
 ((Kannaki.Deka@thomsonreuters.com))