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Apollo Global acquiring majority shareholding in Bermuda reinsurer

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Apollo Global acquiring majority shareholding in Bermuda reinsurer

Affiliates of Apollo Global Management LLC have inked an agreement to acquire majority shareholding in Catalina Holdings (Bermuda) Ltd.

The agreement is subject to customary regulatory conditions and is expected to close in first quarter of 2018.

The existing management team will continue to run the business.

Catalina was advised by Barclays, JP Morgan and Allen & Overy. Apollo was advised by Sidley Austin.