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Slide #50. Apollo Global Management — Classic Party Rentals
Apollo Global Management (NYSE:APO)
Classic Party Rentals
Classic Party Rentals, the nation's leading event rental and services provider, today announced that funds managed by Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") submitted the winning offer to acquire substantially all of the business of Event Rentals, Inc. and its subsidiaries, d/b/a Classic Party Rentals ("Classic" or the "Company) at yesterday's auction. The acquisition is subject to the execution of an asset purchase agreement and approval by the United States Bankruptcy Court for the District of Delaware.
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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Buy (3.21 out of 4)