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Report: Apollo Global mulling Presidio IPO

Apollo GlobalManagement LLC is contemplating an IPO of Presidio Holdings Inc., The Wall Street Journal reported,citing "people familiar with the matter."

New York-based Presidio isan IT infrastructure solutions provider assistingbusinesses in designing, buying and managing data storage, videoconferencing,and other technology services. Apollo Global acquired Presidio from American Securities LLC in February 2015.

The company is planning tointerview bankers in the week of July 25 for a potential IPO that could value Presidioat more than $2 billion, including debt,sources told the WSJ.