Apollo announced the upsize and extension of the Apollo Delos platform, an investment partnership between funds managed by its affiliates and Apeiron that focuses on special situations and corporate credit investment opportunities in Italy. Since establishing the investment partnership in February 2018, Apollo Funds have deployed over EUR 470M in Italy across investments in corporate debt, receivables, special situations, insolvency compositions, and other stressed and distressed assets. Apeiron will continue to work with Apollo, providing support in the origination, due diligence, structuring, execution and management of transactions under the Apollo Delos platform. The platform will be upsized by EUR 150M with immediate effect and Apollo Funds can also invest in larger Apeiron transactions on an opportunistic basis. As part of the renewed commitment, Apeiron will continue to target credit opportunities in Italy, with a focus on corporate borrowers and special situations across the entire capital structure. In connection with this capital increase, Apeiron has made key hires on its investment team to address the opportunities that lie ahead in Italy.
Published first on TheFly
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