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Apollo Honcho Sees Wall Street Banks Sitting Out New Buyout Debt for Months

  • Successful financing of Citrix buyout won’t change situation
  • “I don’t think the spigot reopens,” Sambur said in interview
Matt Nord and David Sambur, co-heads of private equity at Apollo
Matt Nord and David Sambur, co-heads of private equity at ApolloSource: Apollo

Apollo Global Management Inc.’s co-head of private equity says even the successful financing of a big debt package for Citrix Systems Inc. won’t be enough to convince banks to commit to funding buyouts again -- at least not soon. 

Banks are unlikely to fund big deals until at least the fourth quarter as economic uncertainty hangs over financing, David Sambur said in an interview with Bloomberg TV’s Sonali Basak at the SuperReturn North America conference in New York.