Apollo Global Management LP issued the following announcement on July 7
Funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced the upsize and extension of its investment partnership with Apeiron Management SpA (“Apeiron”) focused on special situations and corporate credit investment opportunities in Italy.
Through its strategic partnership with Apeiron launched in February 2018, Apollo funds to date have deployed nearly EUR 300 million in Italy across investments in corporate debt, receivables, special situations, insolvency compositions, and other stressed and distressed assets.
Apeiron will continue to work with Apollo, providing support in the origination, due diligence, structuring, execution and management of transactions under the Apollo Delos investment platform. The platform will be upsized by EUR 100 million with immediate effect and Apollo funds will also have the opportunity to invest in larger Apeiron transactions as they are presented. As part of the renewed commitment, Apeiron will continue to target credit opportunities in Italy, with a focus on corporate borrowers and special situations across the entire capital structure.
Alessandro Fracanzani, Founding Partner and CEO of Apeiron Management said, “Building off of our successful relationship with Apollo in which we have deployed a significant amount of capital in attractive investment situations in Italy, Apeiron is delighted by this upsized and extended commitment. Through the combined efforts of our highly skilled teams, we will continue to invest across asset classes in Italy, often in complicated situations requiring speed and certainty of execution.”
Robert Ruberton, Senior Partner, Co-Head of Hybrid Value at Apollo Global Management said, “We are pleased to extend our strategic partnership with Apeiron to target additional investments in the Italian market. Alessandro and his team have been trusted partners, and continue to find, analyze and execute downside protected, uncorrelated investment opportunities which can generate attractive returns for our investors. We look forward to continuing our relationship.”
Original source can be found here.
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