Announced
Financials
Tags
Majority
Real Estate Services
Pending
real estate company
Private
Germany
Private Equity
Acquisition
Friendly
Single Bidder
Synopsis
Apollo acquired a controlling stake in AGROB Immobilien, a German real estate business, from HVB, a wholly-owned subsidiary of UniCredit Bank, at a €98m ($108m) valuation. “We are excited for the Apollo Funds to acquire a majority stake in AGROB. Apollo has been one of the most active investors in the German office space over the last several years, and this transaction represents an opportunity to grow our portfolio in one of Germany’s strongest markets.” Sebastian-Dominik Jais, Partner at Apollo.
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