25.09.2019 21:37

Funds Managed by Affiliates of Apollo acquire controlling stake in AGROB Immobilien AG

MUNICH, Germany, Sept. 25, 2019 (GLOBE NEWSWIRE) -- Funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO)(together with its consolidated subsidiaries, "Apollo”), a leading global alternative investment manager, today announced that they have acquired a controlling majority stake in German real estate business AGROB Immobilien AG ("AGROB” or the "Company”).

Founded in 1867 as a brick factory and now listed in Munich with a market capitalisation of approximately €98 million based on a closing common share price of €25.40 and preference share price of €25.00 on Wednesday 25 September 2019, AGROB is a real estate investment company owning and managing a modern 103k sqm media and business park strategically located in Munich's affluent suburb of Ismaning. The business park is currently fully let and benefits from a diversified tenant base focusing on established media companies, which currently employ more than 2,000 people on the premises.

The transaction involves the purchase of a controlling stake of 75.02% of common shares and 20.12% of preference shares from HVB Gesellschaft für Gebäude mbH & Co. KG ("HVB”), a subsidiary of UniCredit.

The transaction will be funded by equity from Apollo European Principal Finance Fund III ("EPF III”), which held a final close on 30 November 2017 with total commitments of c. $4.6bn. EPF III maintains a value-oriented, opportunistic strategy by primarily acquiring non-performing, non-core, and capital inefficient whole loans, real assets and performing credit instruments, as well as associated operating platforms. 

EPF III has been one of the most active investors in the German office market in recent years and currently manages more than €1 billion of office and logistics assets. Apollo funds have also been increasingly active in the publicly listed real estate sector, following the significant investment in DEMIRE Deutsche Mittelstand Real Estate AG in February 2018 and the indirect investment in ADO Properties in September 2017.  

Sebastian-Dominik Jais, Partner at Apollo, commented: "We are excited for the Apollo Funds to acquire a majority stake in AGROB. Apollo has been one of the most active investors in the German office space over the last several years, and this transaction represents an opportunity to grow our portfolio in one of Germany’s strongest markets.”                      

About Apollo
Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Apollo had assets under management of approximately $312 billion as of June 30, 2019 in private equity, credit and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit

Forward Looking Statements
This press release may contain forward looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the performance of its business, its liquidity and capital resources and the other non-historical statements in the discussion and analysis. These forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words "believe,” "anticipate,” "estimate,” "expect,” "intend” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions, including risks relating to our dependence on certain key personnel, our ability to raise new private equity, credit or real asset funds, market conditions, generally, our ability to manage our growth, fund performance, changes in our regulatory environment and tax status, the variability of our revenues, net income and cash flow, our use of leverage to finance our businesses and investments by our funds and litigation risks, among others. We believe these factors include but are not limited to those described under the section entitled "Risk Factors” in Apollo’s annual report on Form 10-K filed with the Securities and Exchange Commission (the "SEC”) on March 1, 2019, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in other filings. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of any Apollo fund.

Contact Information

Apollo Global Management

For investors please contact:
Gary M. Stein
Head of Corporate Communications
Apollo Global Management, LLC
(212) 822-0467

Ann Dai
Investor Relations Manager
Apollo Global Management, LLC
(212) 822-0678

For media inquiries please contact:
Finlay Donaldson / Sam Turvey
Maitland/AMO for Apollo Global Management, Inc.
+44 207 379 5151 /

Nachrichten zu Apollo Global Management LLC (A)

  • Relevant
  • Alle
  • vom Unternehmen
  • Peer Group
  • ?

Um Ihnen die Übersicht über die große Anzahl an Nachrichten, die jeden Tag für ein Unternehmen erscheinen, etwas zu erleichtern, haben wir den Nachrichtenfeed in folgende Kategorien aufgeteilt:

Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen

Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen

vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden

Peer Group: Nachrichten von Unternehmen, die zur Peer Group gehören

Analysen zu Apollo Global Management LLC (A)

  • Alle
  • Buy
  • Hold
  • Sell
  • ?
05.08.2019Apollo Global Management LLC (A) OverweightBarclays Capital
24.05.2016Apollo Global Management LLC (A) Sector PerformRBC Capital Markets
11.03.2016Apollo Global Management LLC (A) HoldDeutsche Bank AG
08.01.2016Apollo Global Management LLC (A) HoldDeutsche Bank AG
29.10.2015Apollo Global Management LLC (A) BuyArgus Research Company
05.08.2019Apollo Global Management LLC (A) OverweightBarclays Capital
29.10.2015Apollo Global Management LLC (A) BuyArgus Research Company
30.07.2015Apollo Global Management LLC (A) BuyUBS AG
30.07.2015Apollo Global Management LLC (A) BuyArgus Research Company
08.05.2015Apollo Global Management LLC (A) BuyArgus Research Company
28.11.2006Claire's Stores sellBrean Murray
27.11.2006Update Claire's Stores Inc.: SellBrean Murray

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Apollo Global Management LLC (A) nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"

Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"

Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"
mehr Analysen

Meistgelesene Apollo Global Management LLC (A) News

Keine Nachrichten gefunden.
Weitere Apollo Global Management LLC (A) News
Börse Stuttgart Anlegerclub

Die richtige Strategie für die Börsenkrise

Stecken Sie nicht den Sand in den Kopf, sondern kaufen Sie die richtigen Aktien. Erfahren Sie im aktuellen Anlegermagazin mehr über attraktive Qualitätsaktien und zyklische Aktien
Kostenfrei registrieren und lesen!

Heute im Fokus

DAX wenig bewegt -- Asiens Börsen uneinheitlich -- Gewinnwarnung bei WACKER CHEMIE -- ASML steigert Gewinn deutlich -- Beiersdorf, Infineon, Encavis im Fokus

EU will angeblich kartellrechtliche Maßnahmen gegen Broadcom einleiten. Pharmakonzern Roche hebt Jahresprognose erneut an. Lufthansa-Tochter Swiss lässt gesamte A220-Flotte am Boden. United Airlines hebt Jahresziele trotz 737-Max-Krise an. Pharmakonzerne verhandeln anscheinend Schmerzmittel-Milliardenvergleich.

Die 5 beliebtesten Top-Rankings

In diesen Berufen bekommt man das höchste Gehalt
Mit welchem Beruf kommt man am ehesten an die Spitze?
In welchen Ländern kostet der Big Mac wie viel?
Das sind die bestbezahlten Schauspieler 2019
Wer verdiente am meisten?
Die Performance der Rohstoffe in in Q3 2019.
Welcher Rohstoff macht das Rennen?
Die Performance der TecDAX-Werte in Q3 2019.
Welche Aktie macht das Rennen?
mehr Top Rankings


Die Bundesregierung erlaubt anscheinend Huawei-Technik bei Aufbau des 5G-Netzes. Was halten Sie davon?

Online Brokerage über Brokerage
Handeln Sie für nur 5 Euro Orderprovision* pro Trade aus der Informationswelt von!


Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln
Kontakt - Impressum - Werben - Pressemehr anzeigen
Top News
10:00 Uhr
Trader 2019 - Mit Power an die Börse
Beliebte Suchen
DAX 30
Euro US-Dollar
Wirecard AG747206
Daimler AG710000
Deutsche Bank AG514000
Aurora Cannabis IncA12GS7
Apple Inc.865985
Microsoft Corp.870747
Volkswagen (VW) AG Vz.766403
Infineon AG623100
Deutsche Telekom AG555750