Apollo Scales Real Estate Equity Platform - Paul Weiss Gets Nice Piece of M&A Action

Since his early days in 2021 as CEO of Apollo Marc Rowan has diversified beyond private equity. One direction has been private credit. Now, it is strengthening its platform in real estate equity. 

Apollo has announced:

"Apollo (NYSE: APO) and Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced they have entered into a definitive agreement for Apollo to acquire Bridge in an all-stock transaction with an equity value of approximately $1.5 billion."

Bridge is a leader in residential and industrial real estate.

The legal advisor on this is Paul Weiss. Since 2008, that law firm has been representing Apollo in transactions. Currently Paul Weiss' M&A practice ranks fifth. That business is lucrative. 

In the post-Lina Khan era M&A was supposed to gain traction. However, the chaos in the Trump Administration has made businesses uncertain about proposing those ventures. The encouraging news is that experienced watchers of the political/economic scene such as James Carville predict an implosion of the new order of things. In time that could restore normalcy. 

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