Alteri Investors launches

3rd November 2014

We're delighted to announce the launch of Alteri Investors - an exciting new venture focused on solving stressed and distressed situations in the retail sector across Europe. 

As a joint venture between leading distressed investor Apollo Global Management, LLC, and the former management team of retail restructuring firm GA Europe, Alteri will combine financial firepower with hands-on restructuring and operational expertise.  The business will have three key areas of focus:

  • Investing in retailers through both debt and equity transactions, typically in the £10m - £50m range but with additional capacity for larger deals.
  • Lending to retailers, providing flexible asset-based financing either in a senior or second-lien capacity.
  • Providing an advisory service to retailers and their key stakeholders in restructuring situations, specifically in relation to store closure programmes.

Read more about what we do.

Commenting on the launch, CEO Gavin George said: "This is an extremely exciting joint venture.  The European retail market is undergoing a transformational period which we believe will create a lot of interesting opportunities for Alteri.  With the financial resources and capabilities of Apollo Credit and the deep retail restructuring expertise of the Alteri team, we believe we're ideally placed to partner with retailers to restructure and restore their businesses to health.  We're looking forward to making Alteri Investors a huge success."

Robert Ruberton, Head of European Credit at Apollo Global Management, added: "Gavin and his team have vast experience in retail restructurings, with real operational insight and understanding. We are delighted to have found a partner with their sector-specific skills and differentiated origination capabilities. We look forward to working with Gavin and his team as joint venture partners to create what we believe is a unique proposition for both European retailers and Apollo's investors."

About Apollo Credit 

Apollo's credit funds ("Apollo Credit") leverage Apollo's integrated platform and utilize the same disciplined, value-oriented investment philosophy that Apollo employs with respect to its private equity and real estate funds. Apollo Credit's activities span a broad range of the credit spectrum, including performing and non-performing loans, distressed debt, mezzanine debt, senior bank loans, structured credit and other value-oriented fixed income products. As of June 30, 2014, Apollo Credit had total assets under management of approximately $106 billion across six strategies including U.S. Performing Credit, Structured Credit, Opportunistic Credit, Non-Performing Loans, European Credit, and Athene.

About Apollo Global Management 

Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Toronto, London, Frankfurt, Luxembourg, Singapore, Mumbai and Hong Kong. Apollo had assets under management of approximately $167 billion as of June 30, 2014, in private equity, credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.agm.com.

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