Apollo Lines up €750m Debt Package for Neinor’s Aedas Takeover Bid

Renold agrees to £186.7m takeover by MPE of US – Northern Financial Review

Manchester industrial chain and power transmission firm Renold plc said on Friday it has agreed to a £186.7 million takeover offer from MPE Bidco, a vehicle indirectly controlled by US private equity firm MPE Partners. The offer is worth 82p per Renold share in cash. Renold shares rose about 11% to around 84p. Renold chairman David Landless said: “The Renold board believes that the offer not only represents a significant premium and provides sha…

Apollo lines up €750m debt package for Neinor’s Aedas takeover bid

Apollo Global Management is preparing a debt financing package of approximately €750m to support Neinor Homes SA’s proposed acquisition of rival Spanish developer Aedas Homes SA, in a move that could create the country’s largest residential property developer, according to a report by Bloomberg. According to sources familiar with the matter, the alternative asset manager is expected to provide the lion’s share of the funding through a direct len…