Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, April 5, 2007

It Looks Like Apollo Will Stay Private

Apollo Management, the private equity firm headed by Leon D. Black, is reportedly looking for a private investor to buy a minority stake in the firm.  Apollo has been the target of speculation that it would soon go public, following the lead of the Blackstone Group.   Both moves reflect a desire on the part of the firms to cash in on some of their wealth.  See NYTimes, Equity Firm Is Seen Ready to Sell a Stake to Investors ; WSJ, Apollo Explores Sale of 10% Stake In a Private Deal.

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