Latham & Watkins Advises Argo Infrastructure Partners in Acquisition by Apollo

Apollo (NYSE: APO) announced that it has entered into an agreement to acquire Argo Infrastructure Partners (Argo), a leading mid-market asset manager targeting essential infrastructure assets in North America, in a stock and cash transaction. At closing, Argo will add approximately US$6 billion of high-quality assets to the Apollo infrastructure platform, as well as an experienced team of more than 20 professionals focused on core and core plus infrastructure equity opportunities. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to be completed in the second quarter of 2025.

Latham & Watkins LLP represents Argo in the transaction with a corporate deal team led by New York partners Alex Kelly and Jason Webber, with associates Brad Guest, Maddie Merkle, and Harrison Halberg. Advice was also provided on tax matters by Houston partner Tim Fenn, with associate Arash Lotfi, London partner Karl Mah, with associate Joshua Atkinson, and New York partner Michael Milazzo; on funds regulatory matters by Washington, D.C. partner Jamie Lynn Walter, with associate Mike Hart-Slattery; on intellectual property matters by Boston partner Sarah Gagan, with associate Matthew Snyder; on employment matters by Washington, D.C. partner Adam Kestenbaum, London partner Sarah Gadd, and Houston counsel Krisa Benskin, with associate Harriet Gray; on antitrust matters by Washington, D.C. counsel Britton Davis; on insurance matters by Los Angeles partner Harrison White; and on capital markets matters by New York partner Benjamin Cohen and New York counsel Lindsey Mills.