Apollo to Acquire Dutch Equipment Leasing Specialist Beequip from NIBC
Apollo (NYSE: APO) has announced its agreement to acquire Beequip, a leading Dutch equipment leasing specialist, from NIBC. Beequip, founded in 2015, has grown to become a major independent equipment financing company in the Netherlands, with a current portfolio of €1.4 billion and €700 million of annual run-rate originations. The acquisition will enhance Apollo's European equipment finance platform, established in 2018 with UK-based Haydock Finance.
Beequip specializes in financing and leasing solutions for new and used heavy equipment across various sectors. The transaction, expected to close by the end of 2024, aligns with Apollo's strategy of focusing on high-quality, secured credit generation across corporate and consumer categories. Apollo reported record debt origination volumes of $92 billion in the first half of 2024 and $146 billion for the 12-month period ending June 30, 2024.
Apollo (NYSE: APO) ha annunciato il suo accordo per acquisire Beequip, un importante specialista olandese nel leasing di attrezzature, da NIBC. Beequip, fondata nel 2015, è cresciuta fino a diventare una significativa compagnia indipendente di finanziamento di attrezzature nei Paesi Bassi, con un portafoglio attuale di 1,4 miliardi di euro e 700 milioni di euro di origini annuali in corso. L'acquisizione migliorerà la piattaforma di finanziamento di attrezzature europee di Apollo, stabilita nel 2018 con Haydock Finance, con sede nel Regno Unito.
Beequip si specializza in soluzioni di finanziamento e leasing per attrezzature pesanti nuove e usate in vari settori. La transazione, prevista per essere conclusa entro la fine del 2024, si allinea con la strategia di Apollo di focalizzarsi sulla generazione di credito di alta qualità e garantito nelle categorie corporate e consumer. Apollo ha riportato volumi record di origini di debito pari a 92 miliardi di dollari nella prima metà del 2024 e 146 miliardi di dollari per il periodo di 12 mesi che termina il 30 giugno 2024.
Apollo (NYSE: APO) ha anunciado su acuerdo para adquirir Beequip, un destacado especialista neerlandés en arrendamiento de equipos, de NIBC. Beequip, fundada en 2015, ha crecido hasta convertirse en una importante empresa independiente de financiamiento de equipos en los Países Bajos, con un portafolio actual de 1.4 mil millones de euros y 700 millones de euros en origines anuales de tasa de ejecución. La adquisición mejorará la plataforma de financiamiento de equipos europeos de Apollo, establecida en 2018 con Haydock Finance, con sede en el Reino Unido.
Beequip se especializa en soluciones de financiamiento y arrendamiento para equipos pesados, nuevos y usados, en varios sectores. La transacción, que se espera cierre a finales de 2024, se alinea con la estrategia de Apollo de centrarse en la generación de crédito de alta calidad y asegurada en las categorías corporativas y de consumo. Apollo informó sobre volúmenes récord de origines de deuda de 92 mil millones de dólares en la primera mitad de 2024 y 146 mil millones de dólares para el período de 12 meses que finaliza el 30 de junio de 2024.
아폴로(NYSE: APO)는 NIBC로부터 네덜란드의 선도적인 장비 임대 전문 기업인 Beequip 인수 계약을 발표했습니다. Beequip은 2015년에 설립되어 네덜란드에서 독립적인 장비 금융 회사로 성장하였으며, 현재 14억 유로의 포트폴리오와 연간 7억 유로의 출처를 보유하고 있습니다. 이번 인수는 2018년에 영국 기반의 Haydock Finance와 함께 설립된 아폴로의 유럽 장비 금융 플랫폼을 강화할 것입니다.
Beequip은 다양한 분야의 신규 및 중고 중장비에 대한 금융 및 임대 솔루션을 전문으로 합니다. 거래는 2024년 말까지 완료될 것으로 예상되며, 아폴로의 전략은 기업 및 소비자 분야에서 고품질의 담보 대출 생성을 중시하는 것입니다. 아폴로는 2024년 상반기에 920억 달러의 기록적인 채무 발행량을 기록했으며, 2024년 6월 30일로 종료되는 12개월 동안 1460억 달러를 기록했습니다.
Apollo (NYSE: APO) a annoncé son accord pour acquérir Beequip, un spécialiste néerlandais du leasing d'équipements, auprès de NIBC. Beequip, fondée en 2015, est devenue une importante société de financement d'équipements indépendante aux Pays-Bas, avec un portefeuille actuel de 1,4 milliard d'euros et 700 millions d'euros d'origines annuelles. L'acquisition renforcera la plateforme de financement d'équipements européens d'Apollo, créée en 2018 avec Haydock Finance, basé au Royaume-Uni.
Beequip se spécialise dans les solutions de financement et de leasing pour les équipements lourds neufs et d'occasion dans divers secteurs. La transaction, qui devrait être finalisée d'ici la fin de 2024, s'inscrit dans la stratégie d'Apollo de se concentrer sur la génération de crédits de haute qualité et garantis dans les catégories entreprises et consommateurs. Apollo a rapporté des volumes d'origine de dette records de 92 milliards de dollars au cours du premier semestre 2024 et 146 milliards de dollars pour la période de 12 mois se terminant le 30 juin 2024.
Apollo (NYSE: APO) hat seine Vereinbarung zur Übernahme von Beequip, einem führenden niederländischen Experten für Geräteleasing, von NIBC bekannt gegeben. Beequip, das 2015 gegründet wurde, hat sich zu einem bedeutenden unabhängigen Finanzierungsunternehmen für Geräte in den Niederlanden entwickelt, mit einem aktuellen Portfolio von 1,4 Milliarden Euro und einem jährlichen Ursprungsvolumen von 700 Millionen Euro. Die Übernahme wird die europäische Gerätefinanzierungsplattform von Apollo stärken, die 2018 mit dem in Großbritannien ansässigen Unternehmen Haydock Finance gegründet wurde.
Beequip ist auf Finanzierungs- und Leasinglösungen für neue und gebrauchte schwere Geräte in verschiedenen Sektoren spezialisiert. Die Transaktion, die voraussichtlich bis Ende 2024 abgeschlossen sein wird, steht im Einklang mit der Strategie von Apollo, die sich auf die Generierung von hochwertigem, gesichertem Kredit in den Bereichen Unternehmens- und Verbraucherkredite konzentriert. Apollo berichtete von Rekordvolumina bei der Schuldnerfassung von 92 Milliarden Dollar in der ersten Hälfte des Jahres 2024 und 146 Milliarden Dollar für den 12-monatigen Zeitraum, der am 30. Juni 2024 endet.
- Acquisition of Beequip expands Apollo's European equipment finance platform
- Beequip has a substantial portfolio of €1.4 billion and €700 million annual run-rate originations
- Apollo reported record debt origination volumes of $92 billion in H1 2024
- Transaction aligns with Apollo's strategy for high-quality, secured credit generation
- None.
Insights
Apollo's acquisition of Beequip marks a strategic move to expand its European equipment finance platform. With Beequip's
For investors, this move signals Apollo's commitment to growth in the lucrative SME financing market. The deal could potentially enhance Apollo's revenue streams and provide a stable source of income, given Beequip's established position in the Netherlands. However, investors should monitor integration risks and the performance of the European SME sector, which could impact the success of this acquisition.
The acquisition of Beequip by Apollo reflects a broader trend in the financial sector towards specialized lending platforms. This move capitalizes on the growing demand for equipment financing among SMEs, a segment often underserved by traditional banks. The European equipment leasing market shows potential for expansion, with Beequip's international reach providing Apollo a springboard for further growth.
Investors should note that this acquisition enhances Apollo's origination ecosystem, which reported record debt origination volumes of
Beequip's self-developed fintech systems for providing user-friendly and tailored financing solutions represent a valuable technological asset in this acquisition. This tech-driven approach to equipment financing aligns well with the increasing digitalization of financial services. Apollo's backing could potentially accelerate Beequip's technological development, enhancing its competitive edge in the market.
For investors, this tech component adds an interesting dimension to the deal. It suggests potential for scalability and efficiency improvements in Apollo's equipment finance operations. However, it will be important to monitor how well Apollo integrates and leverages Beequip's technology across its broader platform to fully realize the value of this acquisition.
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
Beequip will further the build-out of Apollo’s European equipment finance platform, established in 2018 with UK-based Haydock Finance. The acquisition is consistent with Apollo’s origination platform strategy focused on high-quality, secured credit generation, diversified across corporate and consumer categories, including asset-backed finance.
“Beequip has established itself as a leader in the equipment finance space in its home market, with a strong team and robust underwriting to serve a growing base of SMEs in the Netherlands and beyond,” said Kevin Crowe,” Partner in Apollo’s Financial Institutions Group.
“We are pleased to welcome the Beequip team to Apollo’s origination ecosystem and to support the business as it continues to scale, meeting vital demand from SMEs to facilitate their business plans and fuel economic growth,” added Apollo’s Mikhail Rychev.
Beequip co-founders Giel Claes and Peter Loef said, “We are extremely proud of our team and the success we have achieved. Leveraging our expertise in equipment, our focus on used machinery, and our 'iron above numbers' philosophy, we have consistently increased market share. With the help of our self-developed fintech systems, we have provided entrepreneurs with user-friendly and tailored financing solutions for heavy equipment. We look forward to working in partnership with Apollo in this exciting next chapter, with a solid foundation for growth domestically and internationally alongside a steadfast commitment to risk management.
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
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2024, Apollo had approximately
Contacts
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
communications@apollo.com / EuropeanMedia@apollo.com
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