Bridge Investment Group ( (BRDG) ) just unveiled an update.
On February 23, 2025, Bridge Investment Group Holdings Inc. entered into a merger agreement with Apollo Global Management, Inc. Under the agreement, Bridge will become a wholly-owned subsidiary of Apollo, enhancing Apollo’s real estate equity platform and origination capabilities. The transaction, valued at approximately $1.5 billion, is expected to close in the third quarter of 2025, subject to customary closing conditions. The merger is anticipated to be immediately accretive to Apollo’s fee-related earnings and will allow Bridge to operate as a standalone platform within Apollo’s asset management business, retaining its existing brand and management team. The merger agreement includes various conditions and covenants, and Bridge’s stockholders will receive shares of Apollo stock as part of the transaction.
More about Bridge Investment Group
Bridge Investment Group Holdings Inc., founded in 2009, is a leader in residential and industrial real estate as well as other specialized real estate asset classes. The company manages approximately $50 billion of high-quality assets under management (AUM) in real estate products targeting both institutional and wealth clients. Bridge’s forward-integrated model and data-driven approach have fostered organic growth and consistently produced desirable outcomes across asset classes.
YTD Price Performance: -3.30%
Average Trading Volume: 163,333
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.06B
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