Apollo to Provide €1 Billion Capital Solution to Vonovia in Third Transaction

Group 1 - Apollo has entered into an agreement to provide approximately €1 billion to acquire a minority stake in one of Vonovia's affiliates, bringing total commitments to Vonovia entities to €3 billion [1][2] - This investment marks Apollo's third transaction with Vonovia, following two previous €1 billion transactions in 2023 related to Vonovia's real estate portfolios in Southwest and Northern Germany [1][2] - Apollo's partner emphasized the firm's ability to provide tailored capital solutions and its role as a trusted partner to major global corporations [2] Group 2 - Since 2020, Apollo has originated nearly $100 billion in bespoke capital solutions for leading companies, showcasing its structuring and investment capabilities [2] - Apollo's asset management business focuses on providing excess returns across various risk-reward spectrums, with approximately $696 billion in assets under management as of June 30, 2024 [4]