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).