Deals
Carlyle, Apollo See Financing Stifling Deals as Prices Slump
- Apollo’s Zelter says price discovery will take 6 -9 months
- Carlyle bets on Japan, Apollo touts US credit as big play
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Private equity transactions are set to dip further as a dearth of financing and a protracted price discovery period will dent activity, according to senior executives at Carlyle Group Inc. and Apollo Global Management Inc.
“There will be six, nine months of price recovery,” Jim Zelter, co-president of Apollo, said at a summit in Hong Kong on Thursday. “It’s going to be a period of a lot lower volume but very interesting transactions.”