Earlier this month, Apollo announced an agreement for Apollo affiliates and other long-term investors to provide c. €1 billion to acquire a minority stake in one of Vonovia’s affiliates in a structured equity transaction.
The agreement demonstrates Apollo’s ability to provide scaled, bespoke solutions to support the strategic objectives of our closest corporate relationships, which involve equity participation with certain downside protections in transactions of this nature.
Vonovia is a leading global residential real estate company with an €82.5 billion portfolio of approximately 543,000 residential units and 71,000 apartments in attractive cities and regions in Germany, Sweden, and Austria. The company has turned to Apollo twice before for bespoke equity financing solutions, previously completing two €1 billion transactions in 2023 related to its real estate portfolios in Southwest Germany and Northwest Germany, which allowed Vonovia to optimize its balance sheet and provided proceeds to pursue corporate growth initiatives.
We believe we are uniquely positioned to serve the needs of large, high-quality corporates and retirement services companies, and have originated nearly $100 billion of bespoke capital solutions under our High Grade Capital Solutions strategy for companies including Intel, Sony, Air France, bp, AB InBev and more.
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