Apollo and Lazard to Form Strategic Partnership in Europe

Apollo Management and Lazard Group are forming a non-exclusive partnership in Europe.  The venture will be based in London.  This comes after earlier this month it was announced that London-based Apollo co-founder would be returning to New York after two years and will be replaced by another co-founder, Josh Harris.  The partnership is still in the development stages but looks to further enhance Apollo’s push into Europe where Apollo has maintained an office in London since 1993.  It’s largest European deal to date was the acquisition last February of Countrywide for nearly $2.1B and the firm was rumored to be interested in a white knight proposal for German tire manufacturer Continental.  Jean-Luc Allavena (H. 1986 and former president of the HEC Foundation) is a partner with Apollo in Europe.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: