M&A Deal Summary

Apollo Global Management Acquires Beequip

On September 5, 2024, asset manager Apollo Global Management acquired financial services company Beequip from NIBC

Acquisition Highlights
  • This is Apollo Global Management’s 9th transaction in the Financial Services sector.
  • This is Apollo Global Management’s 4th transaction in the Netherlands.

M&A Deal Summary

Date 2024-09-05
Target Beequip
Sector Financial Services
Buyer(s) Apollo Global Management
Sellers(s) NIBC
Deal Type Divestiture

Target

Beequip

Rotterdam, Netherlands
Beequip offers financing and leasing solutions for new and used heavy equipment spanning transport, cranes, containers, maritime, and more. Beequip was founded in 2015 and is based in Rotterdam, Netherlands,

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 137 of 138
Sector (Financial Services) 9 of 9
Type (Divestiture) 26 of 26
Country (Netherlands) 4 of 4
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-25 Evri

Leeds, United Kingdom

Evri is a parcel delivery company with a strong national network purpose-built for third-party e-commerce parcels and a differentiated last-mile delivery model. Evri was formed in 2022 and is based in Leeds, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-12 Freedom CNG

Houston, Texas, United States

Freedom CNG provides clean and affordable compressed natural gas (CNG) to commercial fleets, municipalities, school districts, and other high-volume fuel users through multiple fueling sites in Houston and throughout Texas. Freedom CNG is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

NIBC

The Hague, Netherlands

Category Company
Founded 1945
Sector Financial Services
DESCRIPTION

NIBC is a Dutch merchant bank that offers integrated solutions to mid-cap clients in the Benelux region and in Germany. The bank operates through corporate client offering, retail client offering, and treasury and group functions segments.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2024) 1 of 1