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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 primarily invests in non-control corporate and structured debt instruments including performing, stressed and distressed investments across the capital structure. Co.'s Private Equity segment primarily invests in control equity and related debt instruments, convertible securities and distressed debt investments. Co.'s Real Assets segment primarily invests in, among others: real estate equity and infrastructure equity for the acquisition and recapitalization of real estate and infrastructure assets, portfolios, platforms and operating companies; and real estate and infrastructure debt.
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Buy (2.85 out of 4)