Apollo Secures €1 Billion Investment with Vonovia for Growth
Apollo Secures €1 Billion Investment with Vonovia
NEW YORK — Apollo (NYSE: APO) has announced an exciting new chapter in its collaboration with Vonovia by entering into an agreement aimed at providing approximately €1 billion to acquire a minority stake in one of Vonovia’s affiliates. This latest investment follows two significant transactions in 2023, where Apollo also committed €1 billion each to Vonovia, focusing on its real estate portfolios located in Southwest and Northern Germany. With this new commitment, the total arrangement by Apollo affiliates and funds has now reached €3 billion across Vonovia-related entities.
Expanding Strategic Partnership
Jamshid Ehsani, a partner at Apollo, expressed enthusiasm about extending the partnership, stating, “Apollo is very pleased to further expand our partnership with Vonovia to assist Germany’s leading residential real estate firm in achieving its strategic goals. This agreement exemplifies our capacity to deliver substantial capital and tailored solutions in collaboration with our closest corporate partners worldwide.” This marks Apollo’s third significant transaction with Vonovia and emphasizes their established role as trusted collaborators to some of the most significant corporations on a global scale.
A Comprehensive Approach to Capital Solutions
Since the launch of its High Grade Capital Solutions strategy in 2020, Apollo has initiated nearly $100 billion in bespoke capital solutions for prestigious corporations such as Intel, Sony, Air France, and AB InBev, among others. The company uniquely positions itself to cater to the requirements of large, high-quality corporations, as well as retirement services companies. Apollo attributes this capability to its comprehensive structuring, investment, and syndication proficiencies combined with its robust capital resources.
Support and Guidance from Legal Experts
Legal guidance for Apollo’s latest transaction comes via Latham & Watkins LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP. Additionally, Apollo Capital Solution is collaborating on structuring and syndication matters pertinent to the transaction. Deutsche Bank is serving as the exclusive financial advisor for Vonovia, with Freshfields Bruckhaus Deringer providing legal counsel for the firm.
About Apollo
Apollo is a rapidly growing, globally recognized alternative asset manager. The company focuses on delivering stellar returns for its clients across the risk-reward spectrum, emphasizing three core investing strategies: yield, hybrid, and equity. With over thirty years of investing experience, Apollo is committed to addressing the financial return expectations of clients while facilitating innovative capital solutions for business growth. Through its retirement services subsidiary, Athene, Apollo is dedicated to helping clients secure financial stability via a diverse range of retirement savings products, positioning itself as a solutions provider for institutions.
Apollo's Commitment to Growth
The firm’s patient, innovative, and knowledgeable investment strategies align the interests of clients, businesses, employees, and the communities it serves, fostering opportunities and achieving favorable outcomes. As of mid-2024, Apollo manages approximately $696 billion in assets, underscoring its influence and reach within the financial sector. For more information about Apollo, please visit their official website.
Apollo Contacts
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com
Frequently Asked Questions
What is the new investment amount announced by Apollo?
Apollo announced a new investment of approximately €1 billion to acquire a minority stake in one of Vonovia's affiliates.
How many transactions has Apollo completed with Vonovia?
This is Apollo's third transaction with Vonovia, totaling €3 billion in commitments to date.
What investment strategy does Apollo utilize?
Apollo employs a High Grade Capital Solutions strategy, focusing on tailored capital solutions for major corporations.
Who provides legal counsel for Apollo on this transaction?
Latham & Watkins LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP are the legal advisors for Apollo in this deal.
What other companies has Apollo partnered with?
Apollo has provided bespoke capital solutions to many well-known companies, including Intel, Sony, and Air France.
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