Apollo Global Management LLC and Italian investment advisory firm Apeiron Management SpA have entered into a strategic partnership focused on investments in corporate credit opportunities in Italy.
Capital will be deployed via debt and equity investments in the €5 million to €50 million range, with the capacity to pursue larger transactions. The partnership will focus on stressed and distressed opportunities, insolvency compositions and nonperforming corporate credit. The companies said they hope to capitalize on Italy's manufacturing base, ongoing banking reform and improved bankruptcy legislation.
Apollo has established an investment platform called Apollo Delos. Apeiron will work with Apollo in the implementation of its Italian investment strategies for funds managed through the Delos platform, and will provide support in the origination, due diligence, structuring, execution and management of transactions.