Radar > 220924

Apollo Global Management could be interested in Novo Banco

Apollo Global Management estaria interessada pelo Novo Banco

Intel ID : 220924
Synopsis

US-based fund Apollo Global Management is among the buyers interested in acquiring Novo Banco. The fund, is close to finalizing the acquisition of insurance company Tranquilidade, and it would have to submit an offer by 31 December.

Apollo Global Management's interest is similar to that of China-based Fosun - which according to TVI news is willing to offer up to 3.50bn to acquire Novo Banco - BPI and Banco Santander, admit they follow the process closely.
(content in portuguese)

A Apollo Global Management está entre os interessados na compra do Novo Banco. O fundo norte-americano, que está prestes a concretizar a compra da seguradora Tranquilidade, terá de entregar a manifestação de interesse até 31 de dezembro.

O interesse do fundo de private equity norte-americano junta-se aos chineses da Fosun – que, segundo notícia da TVI, está disposto a oferecer até 3.500 milhões pelo Novo Banco – e, também, do BPI e do Santander Totta, bancos que admitem estar a acompanhar de perto este processo.

Bidder

Target


Intel ID 220924
Value ND
Native Currency Euro (EUR)
Financial Data - Novo Banco
(31 Mar 2016)
Revenue: EUR 140,80m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.