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Apollo, Freepoint Sink $110M Into New Offshore Energy Co.

By Liz Hoffman (August 19, 2013, 6:11 PM EDT) -- Apollo Global Management LLC, the credit arm of private equity firm Summit Partners LP and commodity merchant Freepoint Commodities LLC, said Monday they have bought two oil and gas blocks off the Louisiana coast for $110 million in order to seed a new offshore energy company....

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