Apollo Global to invest $500 million in Cumberland Farms
Apollo Global Management agreed to buy $500 million of convertible preferred shares in IPO-bound convenience store retailer Cumberland Farms in a private placement, according to a Friday regulatory filing.
Asset manager Apollo Global Management NYSE:APO has agreed to buy $500 million of convertible preferred shares in IPO-bound convenience store retailer Cumberland Farms in a private placement, according to a regulatory filing on Friday.The move comes as Cumberland Farms is preparing to list in New Y…