Apollo Global Management Upsizes Investment Partnership With Apeiron Management

Rhea-AI Summary

Apollo Global Management (NYSE: APO) has upsized its investment partnership with Apeiron Management, extending their collaboration focused on special situations and corporate credit investments in Italy.

Since their partnership began in February 2018, Apollo has invested nearly EUR 300 million, with an additional EUR 100 million committed immediately. The partnership will continue to target corporate credit opportunities across various sectors, leveraging Apeiron's local expertise to execute complex transactions.

Positive

• Upsized partnership with Apeiron by EUR 100 million.
• Total investment in Italy reaches nearly EUR 300 million since February 2018.
• Focus on corporate credit and special situations could yield attractive returns.

Negative

• None.

MILAN, Italy and NEW YORK, July 07, 2020 (GLOBE NEWSWIRE) -- 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.”

About Apeiron Management

Apeiron is an independent advisor and investor with offices in Milan. Its partners have over 40 years of combined experience, ranging from distressed credit to insolvency compositions to special situations. Apeiron relies on its local knowledge, restructuring expertise and flexible approach to pursue transactions across a broad range of business sectors, working alongside its partners to implement value investing strategies in complex situations. For more information about Apeiron, please visit www.apeironmgmt.com.

About Apollo Global Management

Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Apollo had assets under management (AUM) of approximately $316 billion as of March 31, 2020 in Private Equity, Credit and Real Assets invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.apollo.com.

Apollo Contact Information

For investors please contact:
Gary M. Stein
Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0467
gstein@apollo.com 

Ann Dai
Investor Relations Manager
Apollo Global Management, Inc.
(212) 822-0678
adai@apollo.com 

For media inquiries please contact:
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
jrose@apollo.com

Apeiron Contact Information
info@apeironmgmt.com

FAQ

What is Apollo Global Management's recent investment update?

Apollo Global Management has upsized its partnership with Apeiron Management by EUR 100 million, extending their investment focus in Italy.

How much has Apollo invested in Italy through its partnership with Apeiron?

Apollo has invested nearly EUR 300 million in Italy since the partnership began in February 2018.

What types of investments are targeted in the Apollo and Apeiron partnership?

The partnership targets special situations and corporate credit investment opportunities in Italy.

When was the partnership between Apollo and Apeiron initiated?

The partnership between Apollo and Apeiron was launched in February 2018.