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Financial adviser to affiliates of Apollo Global Management on the acquisition of their minority participation in KBC Bank Deutschland AG.

Financial adviser to affiliates of Apollo Global Management on the acquisition of their minority participation in KBC Bank Deutschland AG.


Affiliates of Apollo Global Management LLC (NYSE: APO), including Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI), have reached an agreement to make an investment in an entity that has agreed to acquire a minority participation in KBC Deutschland AG, the German subsidiary of Belgian KBC Group NV.

The transaction is subject to antitrust and regulatory approval. Meanwhile, KBC Bank Deutschland, with the support of KBC, remains fully committed to all its current business activities and serving its customers.

In November 2009, KBC agreed a strategic plan with the European Commission that involves refocusing on retail customers, small and medium-sized enterprises and mid-caps in its core markets of Belgium and Central and Eastern Europe (Czech Republic, Slovakia, Hungary and Bulgaria), while reducing risk weighted assets. As part of this plan, KBC Bank Deutschland was earmarked for divestment, despite the presence and expertise it has built up.



KBC Bank Deutschland is a stand-alone specialised financial institution for German medium-sized corporate clients (the Mittelstand) with assets of EUR 2,607 million as of December 31, 2012. The bank is also active in professional real estate financing, acquisition finance, institutional asset management and private wealth management for German high-net-worth individuals. Its foundation dates back to 1863 as a cooperative banking organisation in Bremen. The bank is specialised in financing and providing financial advice to the Mittelstand.



Apollo Global Management, LLC (NYSE: APO) is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, London, Frankfurt, Luxembourg, Singapore, Mumbai and Hong Kong. Apollo had assets under management of approximately 113 billion US dollars as of 30 June 2013, in private equity, credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources.



Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, invests in, acquires and manages performing commercial real estate mortgage loans, subordinate financings, CMBS and other commercial real estate-related debt investments throughout the U.S. The company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, LLC.



SHP acted as financial advisor to Apollo Global Management.

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