Successful Beequip Equipment Finance confirms new investor and financiers for further growth

NIBC has been a partner of Beequip since the beginning. Following a successful collaboration, NIBC is selling its stake in Beequip to funds managed by affiliates of Apollo Global Management, one of the largest and most respected alternative asset managers. Additionally, three new banks have joined in financing Beequip, supporting the company's growth for the coming years.

Giel Claes, co-founder and partner at Beequip, is very pleased with the developments: "We are extremely proud of our team and the success we have achieved. Leveraging our expertise in equipment, our focus on used machinery, and 'iron above numbers' philosophy, we believe we have revolutionized the equipment financing market. Since our founding, we have consistently increased market share. With the help of our self-developed fintech systems, we have provided entrepreneurs with user-friendly and tailored financing solutions for heavy equipment."

Peter Loef, also co-founder and partner, adds: "Our entrepreneurial culture has driven our success. At Beequip, we always strive for a healthy balance between strong growth and risk management. This solid foundation has strengthened the confidence of the new investor and financiers. We look forward to continuing to support our customers and suppliers both domestically and internationally in achieving their growth ambitions, as that is our ultimate goal.

Giel Claes: "We thank NIBC for their continued support over the past years. Together with our team and supported by the relationships with our customers and suppliers, we have built a strong foundation for the next growth phase of Beequip. We are looking forward to a successful collaboration with the team at Apollo."

For Apollo, the acquisition of Beequip will further build its European equipment finance platform, first established in 2018 with UK-based Haydock Finance. Beequip will add to Apollo’s origination ecosystem, which focuses on investment grade quality, secured credit and is on track to originate an estimated $125 billion for full-year 2024. Apollo has a more than 30-year record of investing and today manages nearly $700 billion of assets globally.

The transaction is expected to be closed before the end of the year.

Catalyst Advisors is acting as financial advisor to Beequip.