Apollo Funds Acquire⁣ Beequip B.V. to​ Expand European⁣ Equipment Finance Platform

Sidley is representing funds and balance sheet capital managed under Apollo Global‌ Management, Inc.’s Aligned Alternatives platform ‍in their acquisition of Beequip B.V., a Netherlands-based equipment leasing specialist.

Founded in 2015, Beequip ‌has grown to become a ​leading independent ‌equipment financing company⁤ in the Netherlands, serving‌ small and⁣ medium enterprises across Europe and internationally. With a current portfolio of €1.4 billion and €700 million of annual run-rate originations, 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. The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals, and is expected to close in the⁢ fourth quarter ‍of 2024.

Transaction Team

The Sidley team is led by partners Ramy Wahbeh and Kaisa​ Kuusk, counsel Florian Kamp, and managing associate Ying Liu (M&A‍ and Private Equity). The broader cross-office‌ and cross-practice ‍team included Oliver Currall, Steve‌ Quinn, Avi Kaye, and Andrew C. Dibden ‍(Tax); Rupert Wall (Global Finance); Rachpal K. Thind, Leonard Ng, Katie⁢ Chin, and Qalid Mohamed (Banking and Financial Services); ⁢James Phythian-Adams and Sara⁣ N. Africano (Insurance);⁢ Sven De Knop‍ and ⁣Alessandra Moroni (Global Arbitration, Trade and Advocacy); and Andrew Fox and Jack Roxburgh (Commercial ⁣Litigation and Disputes).