Announced
Completed
Financials
Tags
Completed
Private Equity
investment management
Real Estate Holding and Development
Acquisition
Single Bidder
United Arab Emirates
Friendly
Cross Border
Private
property development
Minority
Synopsis
Apollo, a private equity firm, completed the acquisition of an 11.1% stake in Aldar Investment Properties, a real estate development and investment company, for $400m. “We welcome Apollo as strategic investors in Aldar Investment Properties at a time when we are building significant scale, diversification, and synergies across the region’s premium platform for property ownership. Apollo is a highly respected global investor, and this commitment displays strong belief in Aldar’s transformational growth agenda and reinforces the reputation of the UAE and Abu Dhabi, which is experiencing a trend of increasing capital inflows from long-term institutional investors," Talal Al Dhiyebi, Aldar Properties CEO.
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