Latham & Watkins Advises Bridge Investment Group in US$1.5 Billion Asset Management Acquisition by Apollo

Apollo (NYSE: APO) and Bridge Investment Group Holdings Inc. (NYSE: BRDG) have announced that they have entered into a definitive agreement for Apollo to acquire Bridge in an all-stock transaction with an equity value of approximately US$1.5 billion. Under the terms of the transaction, Bridge stockholders and Bridge OpCo unitholders will receive, at closing, a set number of shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively, valued by the parties at US$11.50 per each share of Bridge Class A common stock and Bridge OpCo Class A common unit.

Latham & Watkins LLP represents Bridge Investment Group in the transaction with a corporate deal team led by partners Craig Garner, Kevin Reyes, Owen Alexander, Jason Morelli, and counsel Jenn Wong, with associates Eric Giray, Madeleine West, and Madeline Hodges. Advice was provided on investment funds matters by partners Nadia Sager and David Moore, with associates Shreya Patel and Natasha Kalaouze; on real estate matters by partner Rachel Bates and counsel Achraf Farraj and Margaret Linkous, with associates Zach Kobayashi and Moshe Friedland, and with additional support from partner Gary Axelrod; on executive compensation matters by partner Adam Kestenbaum, with associate Mary Daniel Morgan; on investment funds regulatory matters by partner Jamie Lynn Walter, with associate Mike Hart-Slattery; on fund finance matters by partner Ben Berman, with associate Samantha Kosarzycki; on antitrust matters by partners Jason Cruise and Peter Todaro, with associate Ben Bouwman; on intellectual property and data privacy matters by partner Michelle Gross, with associates Kathryn Parsons-Reponte, Amy Tosi, Kiara Vaughn, Karen Sung; on securities litigation matters by partners Colleen Smith and Kristin Murphy; on tax matters by partners Andrea Ramezan-Jackson and Christine Mainguy, with associate Jay Khurana; on anti-corruption matters by partner Matthew Salerno; on sanctions and trade control matters by counsel Ruchi Gill, with associate Amulya Vadapalli; on environmental matters by partner Chris Norton; on insurance matters by partners Gary Boss and Kirsten Gaeta and counsel Alexander Traum; and on capital markets matters by partners Jason Licht and Christopher Bezeg.