Deals
Apollo's Dubai Partnership for Middle East Deals Is Said to End
- Apollo and Frontier are ending partnership after three years
- Global buyout firms have made limited Middle East investments
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Apollo Global Management LLC’s partnership with a Dubai-based firm to help make its first investments in the Middle East is winding down, according to people familiar with the matter.
New York-based Apollo is ending its venture with Frontier Management Group, which looked to source regional deals for the U.S. firm, the people said, asking not to be identified because the information is private. As a result, Frontier, which was licensed by the Dubai International Financial Centre in 2015, is being closed down, the people said. The firm’s license is now listed as inactive on the DIFC website.