Apollo Global to acquire Beequip from NIBC

Apollo 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 an independent equipment financing company in the Netherlands, serving small and medium enterprises across Europe and internationally, with a current portfolio of EUR 1.4B and EUR 700M of annual run-rate originations. Beequip offers financing and leasing solutions for new and used heavy equipment spanning transport, cranes, containers, maritime and more. Beequip will further the build-out of Apollo’s European equipment finance platform, established in 2018 with UK-based Haydock Finance. The transaction is subject to customary closing conditions and expected to be completed before the end of 2024. Through the first half of 2024, Apollo reported record debt origination volumes of $92B in aggregate across the firm and its affiliate platforms, and for the 12-month period ending June 30, Apollo reported $146B of debt origination.