Apollo to Acquire Dutch Equipment Leasing Specialist Beequip from NIBC

Core Insights - Apollo has announced the acquisition of Beequip, a Netherlands-based equipment leasing specialist, from NIBC, which will enhance its European equipment finance platform [1][2] - Beequip has established itself as a leader in equipment financing, with a portfolio of €1.4 billion and annual run-rate originations of €700 million, serving SMEs across Europe [1][2] - The acquisition aligns with Apollo's strategy of high-quality, secured credit generation and aims to support the growth of SMEs [2][3] Company Overview - Apollo is a global alternative asset manager with approximately $696 billion in assets under management as of June 30, 2024 [5] - The firm reported record debt origination volumes of $92 billion in the first half of 2024 and $146 billion for the 12-month period ending June 30, 2024 [4] - Apollo's investment strategies focus on yield, hybrid, and equity, aiming to provide clients with excess returns across the risk-reward spectrum [5]