Apollo to Snap Dutch Equipment Leasing Specialist Beequip from NIBC, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Apollo Global Management is acquiring Dutch equipment leasing company Beequip from NIBC to expand its European equipment finance platform. Beequip, with a portfolio of €1.4 billion, will enhance Apollo's strategy in secured credit generation.
September 05, 2024 | 9:05 am
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Apollo Global Management is acquiring Beequip, a Dutch equipment leasing company, to expand its European equipment finance platform. This acquisition aligns with Apollo's strategy of secured credit generation.
The acquisition of Beequip by Apollo is a strategic move to enhance its European equipment finance platform. Beequip's strong portfolio and market position in equipment leasing will likely contribute positively to Apollo's secured credit generation strategy, potentially boosting investor confidence and positively impacting Apollo's stock price in the short term.
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