Apollo Management
Sponsors brave the storm amid drop in financial services M&A
GP buyouts in the financial services space reached a two-year high in H1 2022 as rising financing costs and a brewing recession cloud the sector's M&A outlook
Refresco admits Jacobs, KKR, Platinum to second round
PAI-owned company is marketed based on EBITDA of EUR 514m and could be valued at USD 6bn
PE heavyweights line up for EUR 1.5bn Ligue 1 stake – report
French league's auction is expected to wrap up by the start of the second quarter
Worldline's sale of TSS to Apollo stalls over deal terms
Apollo's offer was estimated to be a little short of EUR 2.5bn when it entered exclusive negotiations over the summer
Italcer draws attention from Apollo Global and Lone Star
Sale process is expected to be launched within the next two weeks as teasers are largely ready
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
KKR, Bain among suitors for Unilever's tea business
Cinven, Blackstone, Apollo, CD&R and CVC are among the other sponsors considering bids
Wm Morrison board accepts GBP 7bn CD&R offer
Deal would be the largest PE-backed take-private in the UK since Boots' GBP 11.1bn delisting in 2007
Wm Morrison shareholder JO Hambro to decline Fortress takeover offer
JO Hambro say the offer is below the 270p level that would be worthy of consideration
Allego to go public via merger with Apollo-sponsored Spac
Transaction values Allego at a pro forma equity value of USD 3.14bn, including a USD 150m PIPE
Apollo makes first deal from Impact strategy
Apollo will launch a take-private bid for the recycled cardboard producer on completion of the deal
Apollo confirms interest in Morrisons bid
PE firm would have to top a £9.52bn EV offer from a Fortress-led consortium made over the weekend
TDR Capital acquires BPP from Apollo's Vanta Education
Vocational course provider BPP was acquired by Vanta Education in 2009, prior to Apollo's investment
Apollo sells Amissima Assicurazioni to Talanx
Sale does not include life insurance business Amissima Vita, which generated premiums of around €900m in 2019
Apollo takes betting business Gamenet private
Apollo increases its stake after initially buying 48.67% of Gamenet from Trilantic in October 2019
Cerberus sells Covis Pharma to Apollo
Sale ends a nine-year holding period for the GP, which built Covis through a series of acquisitions
Searchlight invests in Penta-backed GRP
Searchlight will take a majority stake, with other investors taking minority positions
Alteri to acquire Steinhoff businesses
Acquired businesses include Bensons for Beds, Harveys Furniture, Relyon and Steinhoff UK Beds
Carlyle in exclusive talks to buy Arriva for £2.16bn – report
Advent International, I Squared Capital and Apollo Management have also indicated their interested
Apollo sells Endemol Shine stake to trade
GP and The Walt Disney Company sell the entertainment programming company in a €2bn deal
Apollo buys Gamenet stake from Trilantic
Sale ends a nine-year holding period for Trilantic, which acquired the company via its fourth fund
Alteri launches second fund
Apollo Global Management-backed Alteri has launched a second retail-focused pan-European fund
Apollo's Watches of Switzerland announces intention to float
Earlier reports suggested the IPO could value the luxury watch retail group at up to £800m
Apollo's Watches of Switzerland mulls IPO
UK-based luxury watch retail group could reportedly have a market cap of up to £800m