As part of the deal, Bridge shareholders and unit holders will receive 0.07081 shares of Apollo stock per share, valuing each Bridge share at $17.50 (AUD) ($11.50 USD) – a 45% premium to its last closing price.
Following the announcement, Bridge’s stock jumped 34% in premarket trading.
“Bridge will provide Apollo with immediate scale to its real estate equity platform and enhance Apollo’s origination capabilities in both real estate equity and credit,” Apollo said in a statement.
Bridge, founded in 2009 and publicly listed in 2021, manages approximately $76 billion (AUD) ($50 billion USD) in assets, with a team of over 300 investment professionals focused on real estate investments.
Reuters reported the acquisition aligns with Apollo’s ambitious growth targets, which include managing $1.5 trillion (AUD) ($1 trillion USD) in assets by 2026 and $2.3 trillion (AUD) ($1.5 trillion USD) by 2029.
Upon completion in Q3 2025, Bridge will operate as a standalone platform within Apollo’s asset management division. Bridge Executive Chairman Bob Morse will join Apollo as a partner and lead its real estate equity division.
