Apollo Bid for Greensill Under Threat as Taulia Lands Funding
- Firm secures financing from JPMorgan, UBS, BBVA and UniCredit
- Greensill deal with Apollo likely imperriled as a result
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Greensill Capital’s sale to a company backed by Apollo Global Management Inc. was left in doubt after the beleaguered lender’s fintech partner, Taulia Inc., got credit lines to ensure continued financing.
Taulia has reached a deal for more than $6 billion of funding from JPMorgan Chase & Co., UniCredit SpA, UBS Group AG and Banco Bilbao Vizcaya Argentaria SA, according to a statement from the firm on Wednesday. Bloomberg reported earlier that San Francisco-based Taulia had agreed to the financing line.