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Announced

Apollo to acquire a 30% stake in the Südewo portfolio of Vonovia for €1bn.

Financials

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Transaction Value£885m
Consideration TypeCash
Capital Owned-
Capital Bid For30%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Private

Private Equity

Pending

Acquisition

Friendly

Single Bidder

Majority

Germany

Real Estate Holding and Development

real estate assets

Synopsis

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Apollo, a global private equity firm, agreed to acquire a 30% stake in the Südewo portfolio of Vonovia, a European multinational real estate company, for €1bn. “We are pleased to provide a long-term, cost effective capital solution to one of Europe’s leading real estate companies. This transaction will help Vonovia execute on its strategy through a highly attractive investment. At Apollo, we continue to demonstrate how we can serve as a solutions provider to investment grade issuers and provide attractive risk-adjusted investment opportunities to our affiliated and third-party insurance clients, funds and other institutional clients,” Jamshid Ehsani, Apollo Partner.

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