Apollo Global to acquire Atlantic Leaf for $194m.

Apollo Global, a private equity firm, agreed to acquire Atlantic Leaf, a real estate development services provider for $194m. “Despite facing various challenges in the UK real estate market, Atlantic Leaf has consistently generated attractive dividend returns by ensuring that it acquired well tenanted, strategically located assets that have offered rental growth from a relatively defensive asset base. Limited support for capital raises and reduced liquidity has put pressure on Atlantic Leaf’s share price, which in turn has made it uneconomic to raise new capital to fund portfolio growth. Share prices of listed property companies have fallen considerably and the wider property sector is expected to face continued headwinds in the near future. Vukile Property Fund Limited, our largest shareholder, has also stated their intention to dispose of their stake in Atlantic Leaf, adding further pressure on our share price,” Paul Leaf-Wright, Atlantic Leaf CEO.