Deals
Apollo Confidentially Files to Start Pipeline Buyout Company
- Blank-check company to buy oil and gas assets in North America
- Carlyle, TPG and other buyout firms have started energy SPACs
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Apollo Global Management LLC has formed an energy-focused blank-check company to invest in oil and gas pipeline infrastructure in North America, according to people familiar with the matter.
The New York-based firm has confidentially registered a special purpose acquisition company, or SPAC, with the U.S. Securities and Exchange Commission, said the people, who asked to not be identified because the matter isn’t public. Apollo has a management team in place for the SPAC, which aims to raise capital this year, the people said.