This Slide: #27 of 100 |
Slide #27. Apollo Global Management — Classic Party Rentals
Acquirer:
Apollo Global Management (NYSE:APO)
Acquiree:
Classic Party Rentals
Details:
Classic Party Rentals ("Classic" or the "Company"), the nation's leading event rental and services provider, today announced that the United States Bankruptcy Court for the District of Delaware has approved the acquisition of substantially all of the business of Event Rentals, Inc. and its subsidiaries, d/b/a Classic Party Rentals, by funds managed by Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, "Apollo").
Apollo Global Management is an alternative investment manager. Co.'s Credit segment invests in non-control corporate and structured debt instruments including investments across the capital structure. Co.'s Private Equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. Co.'s Real Assets segment invests in real estate equity and infrastructure equity for the acquisition and recapitalization of real estate and infrastructure assets, portfolios, platforms and operating companies; real estate and infrastructure debt; and European performing and non-performing loans, and unsecured consumer loans.
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Preferreds: AAM.PRA, AAM.PRB, ATH.PRC, ATH.PRD, ATH.PRE, APO.PRA
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Buy (3.13 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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