On December 2, 2021, Apollo Global Management, Inc. announced that it will acquire Griffin Capital Company, LLC.
Under the terms of the transaction, Apollo Global Management, Inc. (“Apollo”) will acquire the United States wealth distribution and asset management businesses of Griffin Capital Company, LLC (“Griffin”). Approximately 60 Griffin professionals will join Apollo’s global wealth business. Further terms were not disclosed.
Apollo (NYSE: APO), based in New York, is an investment manager operating in credit, private equity, and real assets funds. As of September 30, 2021, Apollo had $481 billion in assets under management. BofA Securities provided financial advice to Apollo on the deal.
Griffin, based in Los Angeles, is an alternative investment manager with over $5 billion in assets under management. Griffin offers clients the opportunity to invest in real estate and global corporate credit. Berkshire Global Advisors acted as exclusive financial advisor to Griffin on the transaction.
To read the press release: please click here.