Apollo Provides $1.25 Billion Capital Solution to Support Combination of BMG and Concord
Apollo-managed funds and affiliates provided a $1.25 billion equity capital solution supporting the recently completed combination of BMG and Concord. In exchange, Apollo received a minority interest in part of BMG's music rights portfolio, with the equity capital enabling BMG to partially repay outstanding ABS liabilities.
Why it matters — The deal expands Apollo's involvement in the music rights and entertainment sector through a large capital deployment.