Apollo-managed funds invest $1.25B to support BMG-Concord deal
Apollo-managed funds invested $1.25B of equity to support the BMG-Concord combination, acquiring a noncontrolling interest in a BMG subsidiary and enabling partial repayment of certain ABS liabilities.
25B of equity to support the BMG-Concord combination, taking a noncontrolling interest in a BMG subsidiary and allowing partial repayment of certain ABS liabilities. The move extends Apollo’s multi-year push into music rights and related assets.