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

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.