Apollo is increasing its infrastructure capabilities with the acquisition of mid-market asset supervisor Argo Infrastructure Companions.
The agency mentioned that Argo will be part of its sustainability and infrastructure group and add roughly $6bn of belongings to its infrastructure platform.
Apollo expects the acquisition can be modestly accretive to fee-related earnings in 2026.
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Argo was established in 2013 and specialises in digital infrastructure, renewable power, transportation, utilities and different industries.
“We’re excited to announce this settlement with Argo which is able to add capabilities which might be extremely complementary to our present value-add funding technique,” mentioned Harry Seekings and Olivia Wassenaar, companions and co-heads of infrastructure at Apollo. “The Argo crew has curated a high-quality portfolio, managing belongings on behalf of a top-tier group of institutional buyers.
“Argo has an skilled crew with deep origination and asset administration experience, and we stay up for integrating this profitable technique into our franchise, persevering with the crew’s robust monitor document of offering buyers with considerate, differentiated entry to mid-market core and core plus infrastructure.”
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Argo founding accomplice Jason Zibarras added: “Since its founding in 2013, Argo has had a mission to focus relentlessly on delivering on our revolutionary funding technique, bringing creativity to a mature, however important, sector. With this mindset, Argo has constructed a number one infrastructure platform, managing 18 portfolio corporations throughout the US and Canada. Apollo’s world attain, in depth assets and shared dedication to long-term worth creation make them the perfect accomplice to hold ahead Argo’s mission.”
Paul, Weiss, Rifkind, Wharton & Garrison is appearing as authorized counsel to Apollo. Fenchurch Advisory Companions is appearing as unique monetary advisor and Latham & Watkins is serving as authorized counsel to Argo.
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The deal is predicted to be accomplished within the second quarter of 2025, topic to regulatory approvals.