Divestiture • Financial Services

Apollo Global Management Acquires Beequip

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

Acquisition Context
  • This is Apollo Global Management’s 9th transaction in the Financial Services sector.
  • This is Apollo Global Management’s 3rd transaction in the Netherlands.

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M&A Deal Summary

Date September 5, 2024
Target Beequip
Sector Financial Services
Buyer(s) Apollo Global Management
Sellers(s) NIBC
Deal Type Divestiture

Target Company

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 Overview 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B 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 Context for Buyer #
Overall 140 of 152
Sector: Financial Services 9 of 9
Type: Divestiture 26 of 28
Country: Netherlands 3 of 3
Year: 2024 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-06 Vallourec

Meudon, France

Vallourec, through its subsidiaries, provides tubular solutions primarily for the energy markets and other industrial applications in Europe, North America, South America, Asia, and internationally. Vallourec was founded in 1895 and is based in Meudon, France.

Sell -
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 was founded in 2012 and is based in Houston, Texas.

Buy -

Seller Profile 1

SELLER

NIBC

The Hague, Netherlands

Category Company
Founded 1945
Sector Financial Services
DESCRIPTION

NIBC is a merchant bank that offers integrated solutions to mid-cap clients in the Benelux region and in Germany. NIBC operates through corporate client offering, retail client offering, and treasury and group functions segments. NIBC was founded in 1945 and is based in The Hague, Netherlands.


Deal Context for Seller #
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