Apollo (APO) to Acquire Beequip from NIBC

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Go back to Apollo (APO) to Acquire Beequip from NIBC

Apollo to Acquire Dutch Equipment Leasing Specialist Beequip from NIBC

September 5, 2024 5:00 AM EDT

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that balance sheet and other investor capital managed under its Aligned Alternatives platform have agreed to acquire Netherlands-based equipment leasing specialist Beequip from NIBC.

Founded in 2015, Beequip has grown to become a leading independent equipment financing company in the Netherlands, serving small and medium enterprises (SMEs) across Europe and internationally, with a current portfolio of 1.4 billion and 700 million of annual run-rate originations. Beequip offers financing and leasing solutions for new and used heavy equipment spanning transport, cranes,... More