PE Co. Apollo Unveils Merger, Acquisition Double Deal

Law360, New York (December 16, 2011, 6:43 PM EST) -- Private equity investor Apollo Global Management LLC has agreed to merge with Stone Tower Capital LLC in an effort to boost its capital markets investment business, while also announcing a €1.1 billion ($1.4 billion) purchase of a specialty chemicals company, Apollo said Friday.

New York-based Apollo said in a statement that it would fold Stone Tower, which has $17 billion of assets under management, into its $22 billion capital markets business. The move, which the firm expects to complete at the end of the first quarter, boosts...
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