Tag Archives: apollo


Hedge funds buy up German TV firm’s debt

Independent – Hedge funds Apollo and Octavian have been quietly building up a position in ProSieben, one of Europe’s biggest commercial broadcasters. The move could lead to a showdown with private equity owners Permira, the Damon Buffini-run giant, and Kohlberg […]

Small New Star Funds Extinguished

Financial Times – New Star has closed two of its hedge funds after withdrawals of the crisis-hit fund manager’s internal capital left them too small to survive. The manager has shut its three-year-old Firefly fund after Harry Tyser, its manager, […]

‘Distress funds’ buy Countrywide

Guardian Unlimited – Three "distressed debt investors" – hedge fund Polygon, restructuring specialist Oaktree and private equity firm Alchemy – have taken control of Countrywide, Britain’s biggest residential estate agent, which was bought by US private equity firm Apollo less […]

US fund takes 35% stake in stricken Countrywide

Times Online – Oaktree Capital Management, a specialist investor that targets heavily indebted companies owned by buyout groups, has sealed its first big investment in Britain. The American-based Oaktree, which has just under €1.8 billion (£1.6 billion) to spend on […]

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