Apollo eyes Spain’s energy and data boom in next wave of European deals

Apollo Global Management plans to focus its next wave of investments in Spain on the energy transition, digital infrastructure, and data centres, as it sharpens its European strategy around high-growth, capital-intensive sectors, according to sources cited by Bloomberg.

Konstantin Sajonia-Coburgo, Apollo’s Senior Advisor for Iberia, said the firm will prioritise companies with the “biggest needs” in these areas, combining both equity and credit financing. “In Spain, the stock market only represents around 10% of GDP, so private investment opens a door for clients to access the other 90%,” he said.

Apollo’s renewed focus comes as the firm approaches $50bn in large-scale corporate investments across Europe. Recent transactions include a €3.2bn partnership with German energy company RWE and support for EDF in financing the Hinkley Point C nuclear power plant in the UK.

In Spain, Apollo has been increasingly active, providing a loan to support Neinor Homes’ €1.07bn bid for rival developer Aedas Homes and engaging in talks to acquire a majority stake in Atlético de Madrid football club.

Apollo’s Head of Europe recently said the firm has “never been more bullish” on the region in its two decades of investing there. Sajonia-Coburgo added that Spain’s robust macroeconomic fundamentals and growing energy transition pipeline make it one of Apollo’s top priorities within the European market.

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