Canada Pension Plan Investment Board, Apollo European Principal Finance Fund I, fund managed by Apollo Global Management, LLC, and other buyer signed an agreement in principle to acquire 85% stake in Altamira Santander Real Estate, S.A. from Banco Santander, S.A..
November 20, 2013
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Canada Pension Plan Investment Board, Apollo European Principal Finance Fund I, fund managed by Apollo Global Management, LLC (NYSE:APO), and other buyer signed an agreement in principle to acquire 85% stake in Altamira Santander Real Estate, S.A. from Banco Santander, S.A. (CATS:SAN) on November 21, 2013. Mediobanca provided €375 million financing for the transaction. Banco Santander, Banco Popular, Bankinter, Citigroup, Goldman Sachs, Deutsche Bank, JP. Morgan, and UBS also provided financing for the acquisition. The acquisition is expected to close in the coming weeks. As of December 20, 2013, the transaction was approved by European Commission.
Pricewaterhousecoopers Corporate Finance S.L. acted as financial advisor for Banco Santander, S.A. KPMG Corporate Finance LLC acted as financial advisor for Apollo European. Abbey National Treasury Services plc acted as a finnacial advisor for Altamira Santander Real Estate. Rafael Molina, Juan Barona, José María Palicio, José María López, Alfonso O'Donnel, Paulina Antunez, Adolfo Guerrero, Nick Rees and Derek Hayward of Linklaters LLP acted as legal advisors to Apollo. Ángel Pérez López, Eva García Morales, Ignacio Álvarez Couso, Leticia López-Lapuente y Gutiérrez (senior associate, TMT, Rosana Segado Sánchez, Victor Viana Barral, Diego Montoya Esteban, Luis Suarez de Centi, Salvador Sánchez-Terán, José Ruiz-Gallardón Utrera, María Vidal-Pardo Del Río, Ingrid Pi i Amorós, Lourdes Martín Flórez, Edurne Navarro Varona, Alfonso Gutiérrez Hernández, Borja Martínez Corral and Luis Moscoso del Prado Gonzalez of Uría Menéndez Abogados, S.L.P. acted as legal advisors to Banco Santander. Linklaters acted as legal advisor to Apollo Global. Latham & Watkins acted as legal advisor to Banco Santander, Banco Popular, Bankinter, Citigroup, Goldman Sachs, Deutsche Bank, JP. Morgan, Mediobanca and UBS.
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates in three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
Canada Pension Plan Investment Board, Apollo European Principal Finance Fund I, fund managed by Apollo Global Management, LLC, and other buyer signed an agreement in principle to acquire 85% stake in Altamira Santander Real Estate, S.A. from Banco Santander, S.A..
APOLLO GLOBAL MANAGEMENT, INC. 
