Apollo Global Management LLC, the US based global alternative investment manager firm, has purchased USD 8b worth of senior secured financing facilities from UBS Group AG, the Switzerland based provider of wealth management, banking, asset management, and investment banking solutions. The agreement is a renegotiation of the deal Credit Suisse had reached with the US buyout fund in the Swiss banking groups last-ditch attempts at a revamp to avoid collapse.
- Target – Credit Suisse (senior Secured Financing facilities)
- Buyer – Apollo Global Management llc
- Seller – Ubs Group AG
