Apollo Inks Deal to Buy $6B Argo Infrastructure Partners

Apollo said it is acquiring Argo Infrastructure Partners in a deal that will integrate approximately $6B in assets, as well as over 20 core and core-plus-focused professionals, to its infrastructure platform. 

The transaction, expected to close in the second quarter, will see Argo joining Apollo’s Sustainability & Infrastructure group and enhance the firm’s capabilities in core and core-plus infrastructure origination and asset management, especially within middle-market digital infrastructure, renewable energy, transportation, and utilities sectors. Apollo Infrastructure co-heads Harry Seekings and Olivia Wassenaar said the addition will be “highly complementary to [the firm’s] existing value-add investment strategy.” Apollo currently manages 18 portfolio companies across the US and Canada under its infrastructure business.  

Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor to Apollo, while Fenchurch Advisory Partners served as financial advisor and Latham & Watkins as legal advisor to Argo Partners.

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Written By: Dakota

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